Problem 14.11 – Stock Split, Common Equity Accounts
Essentials of Corporate Finance
Ross, Westerfield, and Jordan
10th Edition and 11th Edition
Given that the company has decided on a stock split and will pay a dividend on the new shares, which is a % increase from the previous year’s dividend on the pre-split stock, what is the new par value of the stock? What was the previous year’s dividend per share?
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