Question 3 (25 marks)

(a) The ABC Corporation has paid dividends on common stock (ordinary shares) over the five years as follows:

Year	Dividends	Earnings
2008	$3,000	$5,000
2009	3,100	5,100
2010	3,200	4,500
2011	3,300	5,400
2012	3,500	5,500

During this five-year period, there were 1,000 common shares outstanding.

(i). What are the dividends per share for each year? (5 marks)

(ii). What is the dividend payout for each year? (5 marks)