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Question
Last week, Grandma's Gardens Inc. split its stock 4-for-1. Today, Grandma's paid a dividend equal to $0.26 per new (post-split) share. The dividend payment was 4 percent greater than last year's pre-split dividend. What was last year's dividend per share?
a. $1.08
b. $0.25
c. $1.04
d. $1.00
e. $0.065
Answer
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Related questions
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