Question: Fauver Enterprises declared a 2 - for - 1 stock split last year, and this year its dividend is $ 1 . 8 0 per

Fauver Enterprises declared a 2-for-1 stock split last year, and this year its dividend is $1.80 per share. This total dividend payout represents an 8% increase over last year's pre-split total dividend payout. What was last year's dividend per share? Round your answer to the nearest cent.
$
Fauver Enterprises declared a 2 - for - 1 stock

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