3. Transcanada corporation pays an annual dividend of $1.76. Its most current share price is $46.85. Earnings per share were $2.26 1. What will their payout ratio be? (2 marks) ii. If there were 2 million shares outstanding how much would they add to their retained earnings? (2 marks) ill. What is the dividend yield? (2 marks) iv. What is the price earnings ratio? (2 marks) 6. Use your knowledge of market efficiency to confirm or refute the following trading strategies. If appropriate, give the form of Market efficiency that applies: a. You buy a software package called plotter plus. It analyzes the trend in prices and calculates the correct point to buy and sell stocks. b. You decide to implement a new trading strategy. You watch two TV's at the same time. On one TV is the Smurf Movie and on the other TV is the BNN stock quote stream. Every time one of the characters says the word 'Smurf' you carefully record the stock that is being quoted on BNN and buy it