Important requirements for this report: – write this report with at least four pages. -(Use only chapter14 Distributions to Shareholders, Dividends, and Repurchases to apply the course concepts). 1-explain why the firm reduced or cut the dividend and what did the firm do with the resulting cash that was not paid to the shareholders. 2- explain what was the reaction of the shareholders 3- explain what happened to the market price of the company? You can then say that such actions are in support of, for example, M&M’s views or the Lintner’s views and so on.