Question 2 To what extent does the dividend policy of a company influence its share price? Critically evaluate both the dividend relevance and dividend irrelevance theoretical viewpoints, ensuring the response is supported with relevant academic research. In this section students should demonstrate both knowledge and understanding of the dividend relevance and irrelevance theoretical viewpoints and of the differing views on its importance to share price. The evaluation should be supported with appropriate empirical research that has been performed within this area and should be referenced as per Harvard referencing requirements. The response should also demonstrate an ability to incorporate real-life practical business examples, addressing whether differing companies adopt a dividend relevance or irrelevance standpoint. The inclusion and development of numerical examples to support and enhance the discussion would be beneficial although should not form the main basis of the work.