a) A residual dividend policy is one where companies pay residual income after financing new projects to shareholders as dividends. Identify and discuss one advantage and one disadvantage of maintaining a residual dividend policy over many years. (4 marks) b) Discuss three factors that should be considered in setting a firm's dividend policy. ( 6 marks) c) Describe how a stock dividend would be recorded by the issuing firm, and explain, with supporting arguments and reference to the clientele effect, whether stockholders would view a stock dividend as favorably as a cash dividend