Question
Fauver Enterprises declared a 3-for-1 stock split last year, and this year its dividend is $0.60 per share. This total dividend payout represents a 9%
Fauver Enterprises declared a 3-for-1 stock split last year, and this year its dividend is $0.60 per share. This total dividend payout represents a 9% increase over last year's pre-split total dividend payout. What was last year's dividend per share? Round your answer to the nearest cent.
$
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Finance For Nonfinancial Managers
Authors: Gene Siciliano
2nd Edition
0071824367, 978-0071824361
