Assume that Vista has a great deal of cash on hand and has not paid a cash dividend in three years. Discuss whether the shareholders can require the directors to declare a dividend and whether there are any risks to Vista in not paying the dividend. 2. Vanguard Inc. paid cash dividends to its Common A shareholders, property dividends to its Common B shareholders, and share dividends to its Common C shareholders. Discuss the tax consequences of the dividend payments to Vanguard and to the shareholders. 3. Ritter Corp. is a small corporation with seven directors, who are also the only officers and shareholders of the corporation. Last month the corporation decided to pay its directors a bonus. The bonus is substantially greater than those paid by other similar corporations. Discuss whether there is any risk to the corporation of paying that bonus. 4. Global Inc.'s stock is listed on the New York Stock Exchange and is currently trading at $1.35 per share. The corporation is concerned that its stock will be delisted from the NYSE. Discuss whether there is anything the corporation can do to avoid delisting of its stock?