As a financial analyst you have been asked to analyze an ASX listed company. The company chosen is common wealth bank . Your task is to make a recommendation as to whether this company is an attractive investment opportunity.

Before you draw a conclusion, you are required to:

1)Analyse the company's dividend policy. Should the company follow a progressive dividend policy? Critically evaluate factors that are affecting corporate dividend policy and how your company's dividend policy may have influenced its capital structure and share price.

2)Analyse the company's capital structure. How would you describe the current capital structure for your company and justify with reasons that should potential investors view this company as a favourable investment choice?