Problemafter a 5 for 1 stock split the dunkin corporation, Ask an Expert

Accounting

Problem:

After a 5 for 1 stock split the Dunkin corporation paid a dividend of $.75 per new share, which represented a 9% increase over last years pre-split dividend.

Required:

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

Note: Please explain comprehensively and give step by step solution.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91172240

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