Question: Quantitative Problem: After a 4-for-1 stock split, Perry Enterprises paid a dividend of $2.30 per new share, which represents a 6% increase over last year's

Quantitative Problem: After a 4-for-1 stock split, Perry Enterprises paid a dividend of $2.30 per new share, which represents a 6% 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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