Problem 19-9 Stock Splits The company with the common equity accounts shown here has declared a 4-for-1 stock split when the market value of its stock is $40 per share. The firm's 75 cent per share cash dividend on the new (postsplit) shares represents an increase of 25 percent over last year's dividend on the presplit stock. Common stock ($1 par value) Capital surplus Retained earnings $ 450,000 859,000 3,850,800 $ 5,159,800 Total owner's equity What is the new par value per share? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) What was last year's dividend per share? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) New par value Dividend per share