The company with the common equity accounts shown here has declared a 5-for-one stock split...
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Finance
The company with the common equity accounts shown here has declared a 5-for-one stock split when the market value of its stock is $33 per share. The firm's 75-cent per share cash dividend on the new (postsplit) shares represents an increase of 20 percent over last year's dividend on the presplit stock Common stock ($1 par value) Capital surplus Retained earnings 475,000 864,000 3,900,800 Total owner's equity $ 5,239,800 What is the new par value per share? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) New par value per share What was last year's dividend per share? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) Dividend per share
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