3.13 75 Question 3 of 5 Selected financial information (in millions, except per-share information) is available for CIBC at October 31: 2018 2017 2015 $2,356 $2,121 $1,879 Dividends declared and paid to common shareholders $5.32 $5.08 $4.75 Dividends declared per common share $89 $52 $38 Dividends declared and paid to preferred shareholders $5,267 $4,699 $4,275 Net income $32,866 $29,440 $22,673 Common shareholders' equity $113.68 $113.56 $100.50 Market price per common share 443 413 395 Weighted average number of common shares (a) Calculate the (1) payout, (2) dividend yield, (3) basic earnings per share, and (4) return on common shareholders' equity ratios for the common shareholders for 2018 and 2017. (Round basic earnings per share to 2 decimal places, eg. 5.24. Round payout ratio, dividend yield and return on common shareholders' equity to 1 decimal place eg. 5.2%.) 2017 2018 46.4 46.2 % (1) Payout ratio 4.5 86 4.7 % (2) Dividend yield $ 11.3 $ (3) Basic earnings per share 9.9 98 10.3 98 (4) Return on common shareholders' equity