assignmentcafe.com – Twin city Corporation stock/2022

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Question 

 

Twin city Corporation stock is selling in the market for $60. There are three vacancies to be filled on the board of directors. Mr. Majority wishes to be elected on one of these positions on BOD. There are 200,000 share currently outstanding for Twin city Corp. how much total investment Mr. Majority needs to make to guarantee being elected on board of directors under following two conditions:

 

 

 

a. if the company uses straight voting?

 

 

 

b. If the company uses cumulative voting?

 

 

 

Group of answer choices

 

 

 

$4,000,060; $3,000,060

 

 

 

$6,000,060; $2,400,060

 

 

 

$6,000,060; $3,000,060

 

 

 

$4,000,060; $2,400,060

 

 

 

$12,000,000; $2,400,060