9. Before making a further investment in one of the two banks in his share portfolio Frank calculates each banks P/E ratio and makes his decision after comparing their P/E ratios. Summarised below are the known bank details: BANK ABC: BANK WXY: Curent share price $42.56; half-yearly dividends for the previous year-were 79 cents and 69 cents; the bank distributed 80% of total after tax earnings as dividends. Dividend yield 5%: half yearly dividends for the previous year were 82 cents and $1.01; the bank distributed all after tax earnings as dividends. (a) Calculate the the annual earnings per share for Bank ABC.