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FINRA Securities Industry Essentials Exam (SIE) SIE Question # 47 Topic 5 Discussion

FINRA Securities Industry Essentials Exam (SIE) SIE Question # 47 Topic 5 Discussion

SIE Exam Topic 5 Question 47 Discussion:
Question #: 47
Topic #: 5

An investor owns 100 shares of a company's stock and is very interested in electing a particular individual to the board of directors of the corporation. There are 20 individuals running to fill 10 board seats. If the corporation uses the cumulative voting method, what is the maximum number of votes the investor is permitted to cast for this particular director?


A.

50 votes


B.

100 votes


C.

1,000 votes


D.

2,000 votes


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