c) Compost Science PLC has announced its dividend policy for next year. They have announced a dividend payment of 6 per share. They plan payment of the full amount at the beginning of next year. There is concern that it will impact on share value. You should consider the following issues: a. Will share value fall on the record date, the ex-dividend date, or the payment date. Explain your reasons. b. Assuming that no taxes are payable, what level of price reduction can be expected. Again, explain your answer. c. Assuming that investors will pay 30% tax on dividends, and that there is no tax on capital gains, re-calculate the share price reduction. Explain why your forecast may change. ( 20% of Question) c) Compost Science PLC has announced its dividend policy for next year. They have announced a dividend payment of 6 per share. They plan payment of the full amount at the beginning of next year. There is concern that it will impact on share value. You should consider the following issues: a. Will share value fall on the record date, the ex-dividend date, or the payment date. Explain your reasons. b. Assuming that no taxes are payable, what level of price reduction can be expected. Again, explain your answer. c. Assuming that investors will pay 30% tax on dividends, and that there is no tax on capital gains, re-calculate the share price reduction. Explain why your forecast may change. ( 20% of Question)