A certain company expects quarterly earnings of $0.80 per share of stock, half of which will be distributed as dividends to shareholders while the rest will be used for research and development. If earnings are greater than expected , shareholders will receive an additional $0.04 per share for each additional $0.10 of per share earnings. If quarterly earnings are $1.10 per share, what will be the dividend paid to a person who owns 500 shares of the company's stock?
Choose the correct choice from the following answers:  A) $260  B) $96  C) $26  D) $120  E) $240
EPS Actual&gt; EPS expected.   each gets and additional .12 per share.   Thus .52*500 --&gt; $260   answer is $260
<result>A</result>
A certain company expects quarterly earnings of $0.80 per share of stock, half of which will be distributed as dividends to shareholders while the rest will be used for research and development. If earnings are greater than expected , shareholders will receive an additional $0.04 per share for each additional $0.10 of per share earnings. If quarterly earnings are $1.10 per share, what will be the dividend paid to a person who owns 500 shares of the company's stock?