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After a 3-for-1 stock split, Tyler Company paid a dividend of $0.80 per new share, which represents a 9% increase over last year's pre-split dividend.
After a 3-for-1 stock split, Tyler Company paid a dividend of $0.80 per new share, which represents a 9% 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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