Question 3: Residual Dividend Policy As president of Brent Trading Corporation of East Cost, a large refinery and distilling company, you have just received a letter from a major block shareholder. The shareholder enquires about the companys dividend policy. In fact, the shareholder wishes to estimate how much dividend your 4 company is most likely to pay next year assuming the company is not going to change that policy. Whereas you have not yet collected all the relevant information about