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The company with the common equity accounts shown here has declared a 4-for-one stock split when the market value of its stock is $33 per
The company with the common equity accounts shown here has declared a 4-for-one stock split when the market value of its stock is $33 per share. The firms 80-cent per share cash dividend on the new (post split) shares represents an increase of 25 percent over last years dividend on the presplit stock.
The company with the common equity accounts shown here has declared a 4-for-one stock split when the market value of its stock is $33 per share. The firm½s 80-cent per share cash dividend on the new (post split) shares represents an increase of 25 percent over last year½s dividend on the presplit stock. 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 $Step by Step Solution
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