1. Best Buys 2022 net income was $2,454,000. It paid dividends of $688,000 in 2022. What was the firm's dividend payout ratio? What was its plowback ratio?

2. Helios Technologies has paid a fixed annual dividend of $0.36 for the past eleven years. Based on the lecture and slides, what would we call this dividend policy, and why would Helios do it?

3. Amazon plans a 20:1 stock split this month. If you owned 500 shares before the split, how many shares do you own now?