Essay
A firm has had the indicated earnings per share over the last three years: 
(a) If the firm's dividend policy was based on a constant payout ratio of 50 percent, determine the annual dividend for each year.
(b) If the firm's dividend policy was based on a fixed dollar payout policy of 50 cents per share plus an extra dividend equal to 75 percent of earnings per share above $1.00, determine the annual dividend for each year.
Correct Answer:
Verified
Correct Answer:
Verified
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