b. Mr. Boon and Mrs. Siva both are investors. Both have different risk preference. Mr. Boon prefer companies that offer low dividend payouts, while Mrs. Siva is the opposite, invest in companies with high dividend payout. What do you think will happen if the firm changes its policy from a high payout to a low payout. Elaborate and discuss the theory behind this. (6 marks) c. Fana Inc is evaluating two (2) alternatives, either to do a stock repurchase or extra dividend. To do so, the firm will need to spend RM9,000. The stock is currently selling at RM64 per share, with an earning of RM1.30 per share. There are 1,000 shares outstanding. Ignoring taxes and other implications, evaluate both alternatives on the effect on the price per share of the stock and shareholder wealth. (6 marks)