Question

Suppose that a company currently trades for $35.25 per share and has 4,000,000 shares outstanding. The...

Suppose that a company currently trades for $35.25 per share and has 4,000,000 shares outstanding. The firm has 6 directors up for election this year. If the firm uses straight voting, how many shares will you need to purchase if you already own 500,000 shares. (Enter a whole number)

Business   Finance   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

NO OF SHARES TO BE PURCHASED IS ASKED ONLY.

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Suppose a firm has 16.6 million shares of common stock outstanding and eight candidates are up...
Suppose a firm has 16.6 million shares of common stock outstanding and eight candidates are up for election to four seats on the board of directors. b. If the firm uses straight voting to elect its board, what is the minimum number of votes needed to ensure election of one member to the board?
Suppose a firm has 15.1 million shares of common stock outstanding and eight candidates are up...
Suppose a firm has 15.1 million shares of common stock outstanding and eight candidates are up for election to four seats on the board of directors.     a. If the firm uses cumulative voting to elect its board, what is the minimum number of votes needed to ensure election of one member to the board?       Minimum number of votes        b. If the firm uses straight voting to elect its board, what is the minimum number of votes...
Blue Horseshoe (BH) is currently trading at $18.03 a share with a total of 721,864 shares...
Blue Horseshoe (BH) is currently trading at $18.03 a share with a total of 721,864 shares of stock outstanding. You own 10,588 of those shares. Next month, the election will be held to select nine new members to the board of directors. Assume that the firm uses a cumulative voting system. How much additional money do you need to spend to guarantee that you will be elected to the board of BH assuming that everyone else votes for one of...
Company x has 950,000 shares of stock outstanding. A share of stock currently trades for $112.26....
Company x has 950,000 shares of stock outstanding. A share of stock currently trades for $112.26. Suppose that company x decides to approve an 18% stock dividend. How many shares would company X have after the stock dividend and what would the share price be?
Teldar Paper (TP) has 627,052 shares of stock outstanding with a current market value of $77.02...
Teldar Paper (TP) has 627,052 shares of stock outstanding with a current market value of $77.02 a share. You own 78,798 of those shares. Next month, the election will be held to select three new members to the board of directors. The firm uses a straight voting system. How much additional money do you need to spend to guarantee that you will be elected to the board of TP assuming that everyone else votes for one of the other candidates....
Teldar Paper (TP) has 541,277 shares of stock outstanding with a current market value of $79.92...
Teldar Paper (TP) has 541,277 shares of stock outstanding with a current market value of $79.92 a share. You own 60,681 of those shares. Next month, the election will be held to select three new members to the board of directors. The firm uses a straight voting system. How much additional money do you need to spend to guarantee that you will be elected to the board of TP assuming that everyone else votes for one of the other candidates....
Everson Importers has 1,500 shares of common stock outstanding of which Dino owns 500 shares. The...
Everson Importers has 1,500 shares of common stock outstanding of which Dino owns 500 shares. The company has 3 open seats on the board of directors. Dino wishes to be elected to the board but realizes that no one else will vote for him. To guarantee his election, Dino will have to own ___ of 1,500 plus 1 of the shares if the firm uses voting versus owning ___ of 1,500 plus 1 of the shares if the firm uses...
The shareholders of the Mango Company need to elect seven new directors. There are 920,000 shares...
The shareholders of the Mango Company need to elect seven new directors. There are 920,000 shares outstanding currently trading at $52 per share. You would like to serve on the board of directors; unfortunately no one else will be voting for you. a. How much will it cost you to be certain that you can be elected if the company uses straight voting? (Do not round intermediate calculations and enter your answer in dollars, not millions, rounded to the nearest...
You want a seat on the board of directors of Zeph, Inc. The company has 195,000...
You want a seat on the board of directors of Zeph, Inc. The company has 195,000 shares of stock outstanding and the stock sells for $84 per share. There are currently 3 seats up for election. If the company uses cumulative voting, how much will it cost you to guarantee that you will be elected to the board?
Bidding firm (Firm B) has 5679 shares outstanding that are currently selling at $47 per share....
Bidding firm (Firm B) has 5679 shares outstanding that are currently selling at $47 per share. Target firm (Firm T) has 1691 shares outstanding that are currently selling at $16 per share. Assume that both firms have no debt outstanding. Firm B has estimated that the value of the synergistic benefits from acquiring Firm T is $8327. Suppose Firm T is agreeable to a merger by an exchange of stock. If B offers three of its shares for every five...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT