Questions 3. Goggle World, a company with a history of not paying dividends, announces that it will be initiating a dividend (i.e. paying a dividend for the first time). You would expect the market reaction to the announcement to be? Question 3 options:

It is impossible to tell

Positive

Negative

No market reaction.

Questions 4 . According to you, which of the following companies would have the lowest indirect bankruptcy costs? Question 4 options:

A car manufacturer

An energy and gas company

A utility company

A consumer staples manufacturer