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The firms 34-cent-per-share cash dividend on the new

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The company with the common equity accounts shown here has decided on a two-for-one stock split. The firm's 34-cent-per-share cash dividend on the new (postsplit) shares represents an increase of 10 percent over last year's dividend on the presplit stock.
  Common stock ($1 par value) $   500,000
  Capital surplus 1,558,000
  Retained earnings 3,884,000


     Total owners' equity $ 5,942,000



Requirement 1:

What is the new par value of the stock? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)
  New par value $   per share    
Requirement 2:

What was last year's dividend per share? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)
  Dividends per share last year $   

Reference no: EM13574807

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