Question
After a 2-for-1 stock split, Tyler Company paid a dividend of $0.9 per new share, which represents a 14% increase over last year's pre-split dividend.
After a 2-for-1 stock split, Tyler Company paid a dividend of $0.9 per new share, which represents a 14% 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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Cases In Financial Management
Authors: I.M. Pandey
3rd Edition
0071333428, 978-0071333429
