Homework Answers
| a.new par value | $0.20 |
| b.dividend per share | $2.92 |
working:
new par value = $1 existing par value / 5 shares issued for 1 existing share => 1 /5 =>$0.20.
dividend per share last year = ($0.70 current year dividend * 5 shares) / (1+0.20 increase)
=>$2.92
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