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QUESTION

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.

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