Question: One week after Granddads Kitchen split its stock 3-for-1, it paid a dividend of $0.55 per new share. The dividend payment was 10 percent greater

One week after Granddad’s Kitchen split its stock 3-for-1, it paid a dividend of $0.55 per new share. The dividend payment was 10 percent greater than last year’s pre-split dividend. What was last year’s dividend per share?

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