discuss the advantages and disadvantages of having the directors formally announce a firms future dividend policy. Provide an example of a company that recently increased its common stock cash dividend. Alternatively, give an example of a company that recently reduced its dividend. What was the market response to this action (i.e., how did the stock price change after this action)?

b) explain whether or not it would it ever be rational for a company to borrow money in order to pay cash dividends. Why or why not?