Q3. 10 points in total We know that the return of holding a common stock is the dividends expected to receive plus an eventual capital gain. (a) Would the investor's distribution between the dividend yield and the capital gains yield be influenced by the firm's decision to pay more dividends rather than to retain more of its earnings? Explain. [5 points) b) Would the investor's total return for a holding period be influenced by the firm's decision to pay more dividends rather than to retain more of its earnings? Explain. [5 points) 2 et S