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13.5 Quantitative Problem: After a 4-for-1 stock split, Perry Enterprises paid a dividend of $1.80 per new share, which represents a 8% increase over last

13.5

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Quantitative Problem: After a 4-for-1 stock split, Perry Enterprises paid a dividend of $1.80 per new share, which represents a 8% increase over last year's pre- split dividend. What was last year's dividend per share? Round your answer to the nearest cent. $

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