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Question 1 Not yet answered Marked out of 100 P Flag question QUESTION 1(25 MARKS) () a Explain how does "desire of current income by investors" and "agency costs would impact the dividend policy of a firm (10 marks) b. Discuss at least three advantages and disadvantages of dividend payments. (6 marks) c It has been observed that as a company announce a new issue of common stock market value of existing equity drops. Please explain at least three possible reasons. (9 marks) )