You want a seat on the board of directors of four keys, inc. the company has 300,000 shares of stock outstanding and the stock sells for $55 per share. there are currently 3 seats up for election. if the company uses cumulative voting, how many shares do you need to guarantee that you will be elected to the board

You need at minimum $75,001 shares

Explanation:

To solve this question, we need to use the cumulative voting formula:

Where:

X = Mininum number of shares that must be owned

S = Number of shares outstanding

N = Number of directors we want to be certain of being elected (In this case, 1)

D = Total number of directors to be elected (In this case, 3).

Now, we simply plug the amounts into the formula

X = (300,000 x 1) / (3 + 1) + 1

X = 75,001

answer; i believe the correct answer is (4.0);

an important city to the south and the region's capital is c. kiev