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0. XYZ 's dividend policy call for each year's dividend to increase at a constant rate of 6.0%. A few months ago, the company split

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0. XYZ 's dividend policy call for each year's dividend to increase at a constant rate of 6.0%. A few months ago, the company split its stock 4 -for-1. Tomorrow XYZ plans to pay a dividend of $1.40 per share (post-split basis). Stated on a pre-split basis, what dividend did XYZ pay last year

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