Question: In Problem 8 , suppose the company instead decides on a 4 - for - 1 stock split. The firm s 7 5 - cent

In Problem 8, suppose the company instead decides on a 4-for-1 stock split. The firms 75-cent per-share cash dividend on the new (postsplit) shares represents an increase of 10 percent over last years dividend on the presplit stock. What effect does this have on the equity accounts? What was last years dividend per share?

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