Dividend on the presplit stock

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Reference no: EM13726216

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 split) shares represents an increase of 25 percent over last year’s dividend on the presplit stock.

Reference no: EM13726216

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