Question 6 (5 points) Dividends and other payout a. How is it possible that dividends are so important, but at the same time dividend policy is irrelevant? (2 points) b. On Tuesday, December 8, Hometown Power Co.'s board of directors declares a dividend of 75 cents per share payable on Wednesday, January 17, to shareholders of record as of Wednesday, January 3. When is the ex-dividend date? If a shareholder buys stock before that date, who gets the dividends on those sharesthe buyer or the seller? (Follow the definition on slides and textbook) (3 points)