$2.$ Tryp$,$ Inc.$$s last year net income has been $150$ million $$.$ There are $100$ million shares outstanding and

the company paid $0\mathrm{.}5$ $ dividend per share the last year and the price of the share is $12$ $$.$

a$)$ Calculate the firm$$s pay$-$out if Tryp pays $0\mathrm{.}6$ $ dividend per share.

b$)$ Calculate the firm$$s pay$-$out if Tryp aims to offer a $5\%$ dividend yield.

c$)$ Calculate the firm$$s dividend yield if Tryp fixes a $30\%$ pay$-$out.

d$)$ It the firm$$s dividend policy aims the dividend per share to grow at a $10\%$ annual rate, but with a

maximum $25\%$ pay$-$out, calculate the dividend per share.