After a 4-for-1 stock split tyler company paid a dividend, Finance Basics

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After a 4-for-1 stock split tyler company paid a dividend

Problem: Stock split

After a 4-for-1 stock split, Tyler Company paid a dividend of $1.7 per new share, which represents a 12% increase over last year's pre-split dividend. What was last year's dividend per share? Round your answer to the nearest cent.

Answer: $ ____________

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Finance Basics: After a 4-for-1 stock split tyler company paid a dividend

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Finance Basics: After a 4-for-1 stock split tyler company paid a dividend

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