1.1 Most firms adopt either the policy of residual amounts, the stable growth policy or the target pay-out ratio policy as their dividend policy. Their choice of policy will depend on the current situation of the firm and on the firm's perception of its shareholders' best interests. Required: Give a detailed description of each of the above-mentioned policies. (8 marks) 1.2 Explain the relationship between a firm's dividend policy and its share price. (4 marks) 1.3 Mary lives in a country where the following Consumer Price Index levels for the entire country were recorded across two years: - March 2023=55,3 - March2022=52,4