The Rhodes Food Group (RFG), issued the following statement on dividends recently. "Dividend Policy: The Directors recognise the importance of maintaining a consistent and transparent dividend policy and will endeavour to avoid volatile swings in the dividend profile by ensuring high quality medium term strategic and financial planning. It is the intention to pay regular dividends. However, there is no assurance that a dividend will be paid in respect of any financial period, and any future dividends will be a function of the profitability and return on equity of RFG, the future organic or acquisitive growth strategies, and/or the need to strengthen the balance sheet during periods of economic uncertainty. At the time this statement was made, the company had just done its first issue of shares (IPO) and announced its strategic plan for future growth which would be driven by organic growth as well as strategic acquisitions. Clearly growth was big on the company's agenda for the next few years. 1. Based on the above statement, what kind of dividend policy do you think the company is aiming for? Give a full explanation (or description of the policy and suggest whether this is an appropriate policy given the company's stated strategic plan for future growth. (10 Marks) 2. What kind of investor do you think this policy will resonate with, a growth investor or a value investor? Give a full explanation