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A firm's cash dividends were $3.96 per share of common stock for calendar 2013. In 2014, the stock was split 3-for-1, and in 2015 a
A firm's cash dividends were $3.96 per share of common stock for calendar 2013. In 2014, the stock was split 3-for-1, and in 2015 a 10% stock dividend was issued. Dividends per share for 2013, to be reported in the firm's annual report for 2015, are:
Answer: $1.20.
Can you walk me through the math and formulas?
Thank you!
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