\$8 BCompt_RFM_ASG_2023.pdf - Adobe Acrobat Reader (64-bit) File Edit View Sign Window Help Home Tools BCompt_RFM_ASG... ASSIGNMENT QUESTIONS QUESTION 1 [15 MARKS] Adams Books and Hamleys Ltd is an online retailer of children's books and toys. The business is the brainchild of Adam Grigg, who started the company six years ago. The business has grown exponentially, and its board of directors proposes that the business be listed on the JSE. Grigg owns most of the shares (70%) and has agreed to let go of her shares as part of the public offering. The board is positive that the listing will be successful and has decided to review the current dividend policy, as demanded by the chairperson. The chairperson feels the current dividend policy should not continue, as the focus has always been on expanding advertising and distribution activities, not paying an attractive dividend to shareholders. The CFO, on the other hand, feels that the chairperson's concerns are not valid, as the pattern of dividends has had no effect on shareholders' wealth. Adam's dividend history since inception is as follows: Required: 1.1 Briefly discuss the nature of dividend policy as a major component of the corporate finance strategy of Adams Books and Hamleys Ltd