15. A, a director with X Corporation, and B, a director with Y Corporation, believe that their corporations are too much alike and that something ought to be done to eliminate their competi tion. What possible steps might be taken? XYZ Corporation declared a cash dividend on common stock Before the dividend was paid, the board of directors voted to revoke the dividend on grounds that, due to changed circum stances, the corporation needed the funds. Ca holders of the common stock force the company to pay the dividend? Explain 16.
Expert Answer
Answer No. 15
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