Dividend irrelevance You own 10,000 shares of Broadcom, which currently sells for $304.50 and has announced its plan to pay a $4.50 dividend. You dont need the cash flow and would prefer that Broadcom reinvest earnings rather than pay them out as dividends. Describe in detail (give specific numbers) how you can unwind Broadcoms dividend policy. What is the value of your position before and after the dividend once you have unwound its effects? Assume that markets are perfect, so there are no transactions costs or taxes to worry about.