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9. value: 10.00 points Question 9 (of 10) The company with the common equity accounts shown here has declared a 4-for-one stock split when
9. value: 10.00 points Question 9 (of 10) The company with the common equity accounts shown here has declared a 4-for-one stock split when the market value of its stock is $37 per share. The firm's 70-cent per share cash dividend on the new (postsplit) shares represents an increase of 20 percent over last year's dividend on the presplit stock. Common stock ($1 par value) $ 435,000 Capital surplus Retained earnings 856,000 3,820,800 Total owner's equity $ 5,111,800 What is the new par value per share? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) New par value $ per share What was last year's dividend per share? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) Dividend per share $ Save & Exit Submit
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