You own 1,540 common shares of a company, which will pay a dividend of $1.24 per share next year and a liquidating dividend of $36.00 per share in two years form today. The require return on the common shares is 6.58%. You want to create a homemade dividend so that you can get an equal dollar amount of total dividends in each of the two years. What will be the amount of homemade dividend in the second year? $27,822 $28,518 $29,213 $29,909 $30,605 A firm follows a residual dividend policy and maintains a constant debt-to-equity ratio. There are 11,490 common shares outstanding at a market price of $20 per share, as well as 534 bonds outstanding and selling at a par value of $1,000. The projected spending on capital projects is $207,990 for next year. Net income for next year is estimated to be $80,790. What is the projected dividend amount per share for next year? $1.585 $1.625 $1.664 $1.704 $1.744