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The company with the common equity accounts shown here has declared a 4-for-one stock split when the market value of its stock is $33 per share. The firm�s 80-cent per share cash dividend on the new (post Image for The company with the common equity accounts shown here has declared a 4-for-one stock split when the market vasplit) shares represents an increase of 25 percent over last year�s dividend on the presplit stock.

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Answer #1

1) New Par Value per share = 1/4 = $ 0.25 per share

2) Dividend Per share = (0.80*4)/(1+25%) = $ 2.56 per Share

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