The company with the common equity accounts shown here has


The company with the common equity accounts shown here has decided on a two-for-one stock split. The firm’s 37-cent-per-share cash dividend on the new (postsplit) shares represents an increase of 15 percent over last year’s dividend on the presplit stock. Common stock ($1 par value) $ 470,000 Capital surplus 1,555,000 Retained earnings 3,878,000 Total owners’ equity $ 5,903,000 What is the new par value of the stock? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) New par value $ per share What was last year’s dividend per share? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Dividends per share last year $

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Financial Management: The company with the common equity accounts shown here has
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