After a 5-for-l stock split, Tyler Company paid a dividend of $1.15 per newshare, which represents a 7% increase over last year’s pre-split dividend. What was lastyear’s dividend per share?
After a 5-for-l stock split, Tyler Company paid a dividend of $1.15 per newshare, which represents a 7% increase over last year’s pre-split dividend. What was lastyear’s dividend per share?
Chapter15: Dividend Policy
Section: Chapter Questions
Problem 5P
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After a 5-for-l stock split, Tyler Company paid a dividend of $1.15 per new
share, which represents a 7% increase over last year’s pre-split dividend. What was last
year’s dividend per share?
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