Blue Corp. is evaluating an extra dividend versus a share repurchase. In either case, $$5,500$ would be spent. Current earnings are $$1\mathrm{.}11$ per share and the

stock currently sells for $$42$ per share. There are $2,500$ shares outstanding. Ignore taxes and other imperfections.

If Blue Corp. pays a dividend, what will be the dividend per share? After the dividend is paid, how many shares will be outstanding and what will the price per

share be$?$ Enter your answers rounded to $2$ DECIMAL PLACES.

NOTE: Fractional shares are possible $($Ex$.0\mathrm{.}49$ shares$)$

Dividend $=$

Correct response: $2\mathrm{.}2+-0\mathrm{.}01$

Shares outstanding $=$

Correct response: $2,500$

Stock price $=$

Correct response: $39\mathrm{.}8+-0\mathrm{.}01$

Click "Verify" to proceed to the next part of the question.

After the $$2\mathrm{.}2$ dividend, the price falls to $$39\mathrm{.}8$ per share. What are earnings per share $($EPS$)$ and the price earnings $($P$/$E$)$ ratio? Enter your answers

rounded to $2$ DECIMAL PLACES.

EPS$=$

P$/$E Ratio $=$

Click "Verify" to proceed to the next part of the question.