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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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