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 ?