Fauver Enterprises declared a 2-for-1 stock split last year, and this year its dividend is $0.90...

 

 

Transcribed Image Text:

Fauver Enterprises declared a 2-for-1 stock split last year, and this year its dividend is $0.90 per share. This total dividend payout represents a 12% 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 split last year, and this year its dividend is $0.90 per share. This total dividend payout represents a 12% 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.

Answer rating: 100% (QA)

Lets assume x is the last years dividend per share before the 2for1 stock split Total divid... View the full answer