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A firm has had the following earnings history over the last five years: Year Earnings Per Share 2 0 1 5 $ 2 . 5
A firm has had the following earnings history over the last five years:
Year Earnings Per Share
$
$
$
$
$
If the firm's dividend policy is based on a $ payout per share whenever it makes a positive earnings, increasing by $ to previous year dividends per share whenever earnings exceed $ per share, the annual dividends for and were
A
$ and $ respectively
B
$ and $ respectively
C
$ and $ respectively
D
$ and $ respectively
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