|The following table represents the earnings history over the last five years. Year EPS ( R) 2015 2014 2 2013 3 2012 1 2011 -1 Additional information provided: Payout per share Firm pays additional 0,3787505 0,92122242 if EPS exceeds 3 Determine the total dividends paid in 2012 and 2014. Answer 2012 1 2014

Fundamentals Of Financial Management, Concise Edition (mindtap Course List)
10th Edition
ISBN:9781337902571
Author:Eugene F. Brigham, Joel F. Houston
Publisher:Eugene F. Brigham, Joel F. Houston
Chapter14: Distributions To Shareholders:dividends And Share Repurchases
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Question 3
The following table represents the earnings history over the last five years.
EPS ( R)
Year
2015
2014
2
2013
3
2012
1
2011
-1
Additional information provided:
Payout per share
0,3787505
Firm pays additional
0,92122242 if EPS exceeds 3
Determine the total dividends paid in 2012 and 2014.
Answer
2012
1
2014
1
Transcribed Image Text:Question 3 The following table represents the earnings history over the last five years. EPS ( R) Year 2015 2014 2 2013 3 2012 1 2011 -1 Additional information provided: Payout per share 0,3787505 Firm pays additional 0,92122242 if EPS exceeds 3 Determine the total dividends paid in 2012 and 2014. Answer 2012 1 2014 1
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