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?	Pick one: A) $ 92 B) $ 96 C) $ 52 D) $ 120 E) $ 240

Rationale: "eps actual > eps expected . each gets and additional . 12 per share . thus . 52 * 100 - - > $ 52 answer is c"
Answer: C