Question: Fauver Enterprises declared a 3-for-1 stock split last year, and this year its dividend is $1.50 per share. This total dividend payout represents a 6%

Fauver Enterprises declared a 3-for-1 stock split last year, and this year its is $1.50 per share. This total payout represents a 6% increase over last year's pre-split total payout. What was last year's per share?

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