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Alternative dividend policies Over the last 10 years, a firm has had the earnings per share shown in the following table ! a. If the

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Alternative dividend policies Over the last 10 years, a firm has had the earnings per share shown in the following table ! a. If the firm's dividend policy were based on a constant payout ratio of 40% for all years with positive earnings and 0% otherwise, what would be the annual dividend for 20212 b. If the firm had a dividend payout of $100 per share increasing by $0 10 por share winter the dividend payout foll below 50% for two consecutive years, what annual dividend would the firm pay in 2021? c. If the firm's policy were to pay $0.50 per share each period except when earnings por share exceed $3.00, when an extra dividend equal to 80% of earnings beyond $3.00 would be paid, what annual dividend would the firm pay in 20219 d. Discuss the pros and cons of each dividend policy described in parts a through c If the firm's dividord poliey were based on a constant payout ratio of 10% for all years with positive oamings and otherwise, the annual dividend for 2021 85 (Round to the nearest cent) Data Table - X (Click on the icon bote in order to copy the contents of the data table below into a spreadsheet) Year Earnings per share Year Earnings per share 2022 $3.95 2017 $3.87 2021 $3.49 2016 $169 2020 S439 2015 $1.61 2019 $2.63 2014 -$1.69 2018 53 53 2013 $0.63 Print Done Enter your answer in the

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