Question: 12. Problem 15.04 (Stock Split) eBook After a 4-for-1 stock split, Tyler Company paid a dividend of $1.6 per new share, which represents a 6%

12. Problem 15.04 (Stock Split)

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After a 4-for-1 stock split, Tyler Company paid a dividend of $1.6 per new share, which represents a 6% increase over last year's pre-split dividend. What was last year's dividend per share? Round your answer to the nearest cent.

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