Problemafter a 5-for-1 stock split the swensen company paid, Ask an Expert

Accounting

Problem:

After a 5-for-1 stock split, the Swensen Company paid a divident of $0.75 per new share, which represented a 9 percent increase over last year's pre-split divident.

Requirement:

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

Note: Please show how you came up with the solution.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91173130

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