Question: please answer for me Question 3 a) State the Miller and Modigliani (M&M) propos b) What do you think is the typical stock market reaction

please answer for me
Question 3 a) State the Miller and Modigliani (M&M) propos b) What do you think is the typical stock market reaction to the announcement that a firm will increase its dividend payment? Why? c) Explain how Miller and Modigliani (M&M) arrive at their conclusions that dividend policy is irrelevant in the world of frictionless capital market. Why is the assumption of fixed investment policy crucial to this conclusion
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