Fauver enterprises declard a 4 for 1 stock split last year

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Fauver Enterprises declard a 4 for 1 stock split last year, andthis year its dividend is $1.10 per share. This total dividend payout represents a 6%increase overlast year's pre-split dividend payout. What was last year's dividend per share? Round to the nearest cent.

Reference no: EM13380565

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