The company with the common equity accounts shown here has declared a 5-for-1 stock split when the market value of its stock is $31 per share. The firm's 70 cent per share cash dividend on the new (postsplit) shares represents an increase of 25 percent over last year's dividend on the presplit stock. Common stock ($1 par value) Capital surplus Retained earnings 405,000 850,000 3,760,800 Total owner's equity 5,015,800 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.) S per share New par value 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.) Dividend per share References eBook & Resources