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STOCK SPLIT After a 4-for-1 stock split, Tyler Company paid a dividend of $0.55 per new share, which represents a 9% increase over last year's

STOCK SPLIT

After a 4-for-1 stock split, Tyler Company paid a dividend of $0.55 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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