You are comparing the dividend policies of three dividend-paying utilities. You have collected the following information on the ex-dividend behaviour of these firms. NE Gas SE Bell Western Electric Price Before ($) 50 70 100 Price After ($) 48 67 95 Dividends/Share ($) 4 4 5 If you were a tax-exempt investor, which company would you use to make "dividend arbitrage" profits? How would you go about doing so? (7 marks