ou wisil to purchase silafes Of Festige moldings Collipally Liu. company's board of directors has declared a cash dividend of $0.50 to be paid to holders of record on 30* November 2018. Answer the following questions: a. What is the last trade day you can purchase Festige shares and still receive dividend? (1 mark) b. What day does Festige stock begin trading ex dividend? (1 mark) c. What change, if any, would you expect in the price per share when the stock begins trading on the ex dividend day? (2 marks) d. Jennifer is interested in obtaining further information on possible dividend policies that Festige Holdings can adopt. Jennifer writes a letter to the Director of Finance asking him/her about the advantages and disadvantages of each of the following dividend policies. Jennifer also asks the Director of Finance to explain the circumstances under which each of the following dividend policies may be best for maximising Festige Holdings' shareholder wealth. Dividend Policy A: Festige Holdings deliberately pays no dividends Dividend Policy B: Festige Holdings ALWAYS pays a dividend of 50% of earnings after taxes. Dividend Policy C: Festige Holdings maintains a low but constant dividend per share and offers regular scrip issues. Using the knowledge acquired in Corporate Finance advice Jennifer on what the Director of Finance will discuss (15 marks)