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 $35 per share. The firmAc??cs 60-cent per share cash dividend on the
new (postsplit) shares represents an increase of 25 percent over
last yearAc??cs dividend on the presplit stock.
| Common stock ($1 par|
Total owner's equity
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|
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