Question: Problem 14-4 Stock split After a 4-for-1 stock split, Tyler Company paid a dividend of $1.15 per new share, which represents a 13% increase over

Problem 14-4 Stock split

After a 4-for-1 stock split, Tyler Company paid a dividend of $1.15 per new share, which represents a 13% increase over last year's pre-split dividend. What was last year's dividend per share? Round your answer to the nearest cent.

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