Welcome to Westonci.ca, where your questions are met with accurate answers from a community of experts and enthusiasts. Ask your questions and receive accurate answers from professionals with extensive experience in various fields on our platform. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly platform.

After successfully completing your corporate finance class, you feel the next challenge ahead is to serve on the board of directors of Cornwall Enterprises. Unfortunately, you will be the only person voting for you. If the company has 720,000 shares outstanding, and the stock currently sells for $48, how much will it cost you to buy a seat if the company uses straight voting? (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.)

Sagot :