7c. You are comparing the dividend policies of three dividend paying utilities. You have collected the following information on the ex-dividend behaviour of these firms. NE Gas Price Before ($) Price After ($) Dividends/Share ($) 50 48 4 SE Bell 70 67 Western Electric 100 95 5 If you were a tax-exempt investor, which company would you use to make "dividend arbitrage" profits? How would you go about doing so? (7 marks)