Question
NNE Company declared a 5-for-3 stock split last year, and this year its dividend is $3 per share. This total dividend payout represents a 5%
NNE Company declared a 5-for-3 stock split last year, and this year its dividend is $3 per share. This total dividend payout represents a 5% increase over last year's pre-split total dividend payout. What was last year's dividend per share?
Select one:
a. $4.101b. $5.443c. $5.221d. $4.762e. $3.751
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Intermediate Financial Management
Authors: Eugene F. Brigham, Phillip R. Daves
12th edition
1285850033, 978-1305480698, 1305480694, 978-0357688236, 978-1285850030
