Question: last year's dividend per share? Round your answer to the nearest cent. $ Stock Split Fauver Enterprises declared a 3-for-l stock split last year, and

Stock Split Fauver Enterprises declared a 3-for-l stock split last year, and

last year's dividend per share? Round your answer to the nearest cent. $

Stock Split Fauver Enterprises declared a 3-for-l stock split last year, and this year its dividend is $1.70 per share. This total dividend payout represents a 15% 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.

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