a) In the United State, we can see that there is a trend in stock repurchase even the repurchase payer firms exceed the dividend payer firms. With this increasing trend: Discuss three (3) reasons why some firms still paying a cash dividend (6 marks) Discuss three types of stock repurchase. (6 marks) (ii) b) " Reasons for merger that will result in wealth maximization are strategic benefits, market power, economics of scale, economies of vertical integration and taxation benefits". Describe how any four out of the five factors mentioned may contribute to the success of a merger business exercise