Question Completion Status: Moving to another question will save this response. Question 12 Question 12 of 20 Butcher Ltd paid a dividend of 2 last year. EPS in the current year is 10. The company has a long-term target of returning 40% of earnings to shareholders. 10 points Based on the current year's earnings and the view of management the company decides to pay an increased dividend of 2.50 in the current year. N Which of the figures below best reflects management's conservatism when it comes to dividends? 0.4 1.25 O 0.25 O 0.5 Moving to another question will save this response Question 12 of 20 ENG 11:00 UK 05/03/2012