QUESTION $4$

$[25$ MARKS$]$

$4\mathrm{.}1$ Discuss the important factors relating b any particular source of new inance from the point of vit of the enterprise and its existing owner$($s$)$ as well as the providers of nt finance?

$(19$ Marks$)$

$4\mathrm{.}2$ Financial advisors have to exercise their judgements in establishing the correct dividend paypolicy" In light of the above statement, briefly discuss the factors that need to be considered informulati an appropriate dividend policy.

$(6$ Marks$)$