Problemafter a 3-for-1 stock split strasburg company paid a, Ask an Expert

Accounting

Problem:

After a 3-for-1 stock split, Strasburg Company paid a dividend of $1.85 per new share, which represents a 7% increase over last year's pre-split dividend.

Required:

Question: What was last year's dividend per share?

Note: Provide support for your underlying principle.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91168252

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