Pam owns 800 of the 2,000 issued and outstanding shares of Antelope Corporation. There are
five members of the board of directors, three of whom are up for election at a shareholders'
meeting.
If each share of stock is entitled to one vote, what is the maximum number of votes
that Pam can cast for any one of the candidates for the positions on the board under cumulative
voting?
A) 2,400 B) 6,000 C) 800 D) 4,000 E) 2,000
A
Business