Answered

Get the answers you need at Westonci.ca, where our expert community is dedicated to providing you with accurate information. Get the answers you need quickly and accurately from a dedicated community of experts on our Q&A platform. Join our Q&A platform to connect with experts dedicated to providing accurate answers to your questions in various fields.

After successfully completing your corporate finance class, you feel the next challenge ahead is to serve on the board of directors of Schenkel Enterprises. Unfortunately, you will be the only individual voting for you. a. If the company has 520,000 shares outstanding and the stock currently sells for $36, how much will it cost you to buy a seat if the company uses straight voting

Sagot :

Answer: $9360036

Explanation:

If the straight voting method is used by the company, the number of shares that's required for the person would be:

= 520,000/2 + 1

= 260,001

Then, the total cost that'll be required to purchase a seat will then be:

= 260001 × $36

= $9360036

We hope this information was helpful. Feel free to return anytime for more answers to your questions and concerns. Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. Discover more at Westonci.ca. Return for the latest expert answers and updates on various topics.