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solution

Beasley Inc. is going to elect Seven board members next month.
Betty Brown owns 16.9 percent of the total shares outstanding.

What percentage of stock is needed to have one of her friends
elected under the cumulative voting rule? (Do not
round intermediate calculations and enter your answer as a percent
rounded to 2 decimal places, e.g., 32.16.)

Percent of stock needed %

What percentage of stock is needed to have one of her friends
elected under the staggered cumulative voting rule, under which
shareholders vote on one board member(s) at a
time? (Do not round intermediate calculations and
enter your answer as a percent rounded to 2 decimal places, e.g.,
32.16.)

Percent of stock needed %

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