Dividend Assignment 4) IDENTIFY THE THEORY BEHIND THE DIVIDEND POLICY BEING USED BY EACH OF THE FOLLOWING FIRMS. AND BRIEFLY EXPLAIN YOUR ANSWERS. (ONE OR 2 SENTENCES PER FIRM.) Firm D runs a series of wellness spas in La-la land, a fantastic country with the world's only source of "La" - a recently-discovered substance that makes everyone happy. Due to the enormous wealth that will be generated by exporting "La" to the rest of the world, La-la land has been able to abolish all taxes. Furthermore, its investors can trade securities without brokerage fees. Some of the financial managers of the spa firm approach the Chief Financial Officer (CFO) and ask what they should pay for dividends this quarter. "Whatever you like," says the CFO. "And next quarter we may change it - we'll pay whatever we feel like then." What dividend theory is being followed