Tulia Dairy pays a $2.50 cash dividend and earns $5 per share. The cash dividend has recently
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Tulia Dairy pays a $2.50 cash dividend and earns $5 per share. The cash dividend has recently been increased to $2.65 per share, and a 3 percent stock dividend has been declared. What is the effective rate of increase in the dividends for Tulia as a result of this action? P-698
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