question is about part b

Part a} The following chart shows earnings and dividend growth of Woolworths group from 2016 to 2020. Why do you think the dividend growth has less volatility than earnings growth? Explain clearly. 2 0.14 0.12 1-5 n 1 0.03 1 0.05 0.02 0 0 2016 201? 2013 2019 2020 Earnings Dividends Part h] @1205!) Corp. has 1000 shareholders as of 31 Del: 2019. Orr that date @1205!) Corp released its earnings. The earnings for the period i_s $1 million. The management decided to distribute all the earnings to the shareholders. On 25th March 2020 MCorp issued another 1000 shares to a newr set of shareholders. On 31 Dec 2020 MCorp reported earnings of $1 million. The management again decided to distribute all its prot to shareholders. i, What is the dividend per share on 31 Dec 2019? ii. What is the dividend per share on 31 Dec 2020? iii. How does the dividend per share on 31 Del: 2020 affect the old shareholders? Explain clearly