The company with the common equity accounts shown here has decided on a two-for-one stock split. The firms 33-cent-per-share cash dividend on the new (postsplit) shares represents an increase of 15 percent over last years dividend on the presplit stock.

Common stock ($1 par value) $ 510,000

Capital surplus 1,559,000

Retained earnings 3,886,000

Total owners equity $ 5,955,000

A. What is the new par value of the stock?

B. What was last years dividend per share?