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Suppose B&E Press paid dividends at the end of each year according to the schedule below. It also reduced its share count by repurchasing 5

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Suppose B&E Press paid dividends at the end of each year according to the schedule below. It also reduced its share count by repurchasing 5 million shares at the end of each year at the ex- dividend stock prices shown. (Assume perfect capital markets.) 2009 2010 2011 2012 2013 Ex-Dividend Stock Price ($/share) 12.00 14.00 8.00 11.00 15.00 Dividend ($/share) 0.50 0.50 0.50 0.50 Shares Outstanding (millions) 105 100 95 90 85 (a). Calcuate the total market value of B&E's equity at the end of 2010, the total amount paid out as dividend in year 2010, the total amount paid out through share repurchase in year 2010, and the grand total amount of payout in year 2010. Show all the calculations

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