Question: Fauver Enterprises declared a 4 -for-1 stock split last year, and this year its dividend is $0.70 per share. This total dividend payout represents a

Fauver Enterprises declared a 4 -for-1 stock split last year, and this year its dividend is $0.70 per share. This total dividend payout represents a 12% increase over last vear's pre-split total dividend payout. What was last year's dividend per share? Round your answer to the nearest cent

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