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Question 1 a) Jamine locorporation had 500,000 common shares outstanding on January 1"2021, . ....

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Question 1 a) Jamine locorporation had 500,000 common shares outstanding on January 1"2021, . . issued 40,000 shares on April 1=2021 and relired 30,000 shares on November it 2021. There was a 21 share split on December 1"2021. Yoa are required to calculate the weighted average number of shares ats at December 1 ini21. (4. marks) b) Following Questoon la), Jasmine Incorporation had a net profit of $880,000 and the company had declared a preference dividend of $250,000, you are required to calculate the Earaiags Per Share (EPS) of the company, c) Calculate the dividend payout ratio (in \%) of Jasmine Incorporation if the annual dividends pershare is 55 (2) marks)

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