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Suppose a firm is facing the possibility of a necessary dividend rate cut because of poor economic condition. Suppose further that you are a member
Suppose a firm is facing the possibility of a necessary dividend rate cut because of poor economic condition. Suppose further that you are a member of the firms board of directors. How would you respond to the argument of another board member that the firm should publicly deny the possibility of such a cut until the board has decided that the cut is an unavoidable necessity?
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