The Foster Corporation has paid dividends on common stock over the ten ye
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The Foster Corporation has paid dividends on common stock over the ten years as follows: Y ear Dividends Earnings 1994 $3000 $5000 1995 3100 5100 1996 3200 4500 1997 3300 5400 1998 3500 5500 1999 3725 5300 2000 3975 5200 2001 4200 5600 2002 4500 5800 During this ten-year period there were 1000 common shares out- standing. a. What are the dividends per share for each year? b. What is the dividend payout for each year? c. How would you describe the dividend policy of Foster Corporation?
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