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 100 shares of the company's stock? Choose the correct choice from the following answers.
A) $92 B) $96 C) $52 D) $120 E) $240
EPS Actual&gt; EPS expected.   each gets and additional .12 per share.   Thus .52*100 --&gt; $52   answer is $52
<result>C</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 100 shares of the company's stock?