Stock Split Fauver Enterprises declared a 4-for-1 stock split last year, and this year its dividend is $1.00 per share. This total dividend payout represents a 7% increase over last year's pre-split total dividend payout. What was last year's dividend per share? Round your answer to the nearest cent. $

Stock Split Fauver Enterprises declared a 4-for-1 stock split last year, and this year its dividend is $1.00 per share. This total dividend payout represents a 7% increase over last year's pre-split total dividend payout. What was last year's dividend per share? Round your answer to the nearest cent. $

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter15: Dividend Policy

Section: Chapter Questions

Problem 5P

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