Question
After a 4-for-1 stock split, Tyler Company paid a dividend of $0.7 per new share, which represents a 5% increase over last year's pre-split dividend.
After a 4-for-1 stock split, Tyler Company paid a dividend of $0.7 per new share, which represents a 5% 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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Risk Management And Financial Institutions
Authors: John C. Hull
3rd Edition
1118269039, 9781118269039
