After a 3-for-1 stock split, Tyler Company paid a dividend of $0.70 per new share, which represents a 6% increase over last year's pre-split dividend. What was last year's dividend per share? Round your answer to the nearest cent. $

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter15: Dividend Policy
Section: Chapter Questions
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After a 3-for-1 stock split, Tyler Company paid a dividend of $0.70 per new share, which represents a 6% increase over last year's pre-split dividend. What was last year's dividend per share? Round your answer to the nearest cent.

$  

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