nomework: Homework 6 Save Score: 0 of 1 pt 6 of 8 (0 complete) HW Score: 0%, 0 of 8 pts P14-7 (similar to) 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 2019? b. If the firm had a dividend payout of $1.00 per share, increasing by $0.10 per share whenever the dividend payout fell below 50% for two consecutive years, what annual dividend would the firm pay in 20197 c. If the firm's policy were to pay $0.50 per share each period except when earnings per 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 2019? d. Discuss the pros and cons of each dividend policy described in parts a through c. a. If the firm's dividend policy were based on a constant payout ratio of 40% for all years with positive earnings and o% otherwise, the annual dividend for 2019 1 $. (Round to the nearest cont.) Enter your answer in the answer box and then click Check Answer parts Clear All Check Answer remaining a Type here to search wears, a firm has had the earnings per share shown in the following table: onstant payout ratio of 40% for all years with positive earnings and 0% otherwise, what would be the annual divide Share, increasing by $0.10 per share whenever the dividend payout fell below 50% for two consecutive years, what each period except when earnings per share exceed $3.00, when an extra dividend equal to 80% of earnings beyo policy described in parts a through c. constant payout ratio of 40% for all years with positive earnings and 0% otherwise, the annual dividend for 2019 is $ Data Table (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.) Year Earnings per share Year Earnings per share 2019 $4.12 2014 $3.43 2018 $4.43 2013 $1.11 2017 $4.86 2012 $1.82 2016 $2.98 2011 - $1.25 2015 $4.69 2010 $0.74 Print Done then click Check Answer Clear All C a II F4 PrtScn FS F6 End F7 Home F8 F9 $ $ 4 & % 5 ( 6 7 8 9