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The company with the common equity accounts shown here has declared a four-for-one stock split when the market value of its stock is $43 per
The company with the common equity accounts shown here has declared a four-for-one stock split when the market value of its stock is $43 per share. The firms 75-cent per share cash dividend on the new (postsplit) shares represents an increase of 10 percent over last years dividend on the presplit stock. |
Common stock ($1 par value) | $ | 385,000 |
Capital surplus | 846,000 | |
Retained earnings | 3,720,800 | |
Total owner's equity | $ | 4,951,800 |
What is the new par value per share? (Round your answer to 2 decimal places. (e.g., 32.16)) |
New par value | $ per share |
What was last year's dividend per share? (Round your answer to 2 decimal places. (e.g., 32.16)) |
Dividend per share | $ |
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