Question: After a 5 - for - 1 stock split, Tyler Company paid a dividend of $ 0 . 6 5 per new share, which represents

After a 5-for-1 stock split, Tyler Company paid a dividend of $0.65 per new share, which represents a 14% 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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