25 Stock Splits In the previous problem, suppose the company instead decides on a five-for-one stock split.
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25 Stock Splits In the previous problem, suppose the company instead decides on a five-for-one stock split. The firm’s 70 cents per share cash dividend on the new (post-split) shares represents an increase of 10 per cent over last year’s dividend on the pre-split equity. What effect does this have on the equity accounts?
What was last year’s dividend per share?
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