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The company with the common equity accounts shown here has declared a 4 -for-1 stock split. The firm's 75-cent per-share cash dividend on the new
The company with the common equity accounts shown here has declared a 4 -for-1 stock split. The firm's 75-cent per-share cash dividend on the new (postsplit) shares represents an increase of 10 percent over last year's dividend on the presplit stock. a. What is the new par value per share? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What was last year's dividend per share? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) The owners' equity accounts for Vulcano International are shown here: a-1. If the company declares a 4 -for-1 stock split, how many shares are outstanding now? (Do not round intermediate calculations.) a. What is the new par value per share? (Do not round intermediate calculations and 2. round your answer to 3 decimal places, e.g., 32.161.) b. If the company declares a 1-for-5 reverse stock split, how many shares are 1. outstanding now? (Do not round intermediate calculations.) b- What is the new par value per share? (Do not round intermediate calculations and 2. round your answer to 2 decimal places, e.g., 32.16.)
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