Question: The company with the common equity accounts shown here has declared a four-for-one stock split when the market value of its stock is $43 per

The company with the common equity accounts shown here has declared a four-for-one stock split when the market value of its stock is $43 per share. The firm’s 75-cent per share cash dividend on the new (post split) shares represents an increase of 10 percent over last year’s dividend on the presplit stock.

Common stock ($1 par value) = $ 385,000 

Capital surplus= 846,000 

Retained earnings = 3,720,800 

Total owner's equity=$ 4,951,800

What is the new par value per share? (Round your answer to 2 decimal places. (e.g., 32.16))

New par value=____ $ per share 

What was last year's dividend per share? (Round your answer to 2 decimal places. (e.g., 32.16))


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