CFA Practice Question

There are 233 practice questions for this study session.

CFA Practice Question

You are participating in a company'??s annual general meeting. Shareholders are going to choose four new directors on the board. You have 500 shares with one vote per share. You really like just one candidate, Mr. Smith. Under a cumulative voting system, the maximum number of votes you can choose to cast for Mr. Smith is ______.
A. 500
B. 1,000
C. 2,000
Explanation: The cumulative voting method allows shareholders to cast all of their votes for a single nominee for the board of directors when the company has multiple openings on its board.

4 x 500 = 2,000

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