Question 4 Due to a downturn in the housing market, Turquoise Berchad expects total earnings to fall to RM4,750,000 this year from RM5,000,000 last year. The outstanding shares of common stock are one million. This year, the company must make investments totaling RM4,000,000. The corporation uses equity money to fund 60% of its investments and debt to finance 40% of them. Last year, the company paid a dividend of RM3.00 per share. a) How much dividend per share will each shareholder receive this year if the company adheres to a pure residual dividend policy? b) If the company maintains a constant dividend payout ratio each year, how large the dividend per share will each shareholder receive this year? c) How much will each shareholder get in dividends this year if the corporation maintains a constant dollar dividend policy