AFB, Inc had earnings per share of 4 per share last year and paid ...

[lb_gilbert]

AFB, Inc had earnings per share of 4 per share last year and paid a dividend of 1 per share. For
  the current year, AFB, Inc generated earnings per share of 6 and paid a dividend of 1 per share.
 
  This is an example of what type of dividend policy?
  A) stable dollar dividend per share
  B) payout ratio equal to zero
  C) constant dividend payout ratio
  D) small, regular dividend plus a year-end extra

Question 2

On your first through fifth birthdays your parents placed 2,000 into your college fund (five total deposits of 2,000 each). The account has earned an average of 8.0 per year until today, your twentieth birthday. How much money is in the account today?
 
  A) 11,733.20
  B) 37,219.70
  C) 12,671.86
  D) 25,383.41

[Andromeda18]

Answer to Question 1

A

Answer to Question 2

Answer: B
Explanation: B) FV = PMT   (1 + r)n = 2,000   (1.08)15 = 37,219.70.
MODE = END
INPUT 5 8 0 -2,000 ?
KEY N I/Y PV PMT FV
CPT 11,733.20

Then

MODE = END
INPUT 15 8 -11,733.20 -0 ?
KEY N I/Y PV PMT FV
CPT 37,219.70