Waiting for answer This question has not been answered yet. You can hire a professional tutor to get the answer.
The Morgan Co. has 560,000 shares of stock outstanding with a market price of $32.29 a share. You currently own 135,500 shares.
The Morgan Co. has 560,000 shares of stock outstanding with a market price of $32.29 a share. You currently
own 135,500 shares. The company has three open positions on their board of directors. You want to
assure yourself of winning one of those seats assuming that no one else votes for you. The company uses
straight voting. How much more must you invest in the Morgan Co. to assure yourself a seat on the
board?
I know the formula, but still getting wrong answer. could you plz help out on step by step.