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QUESTION
Fauver Enterprises declared a 4-for-1 stock split last year, and this year its dividend is $2.50 per share.
Fauver Enterprises declared a 4-for-1 stock split last year, and this year its dividend is $2.50 per share. This total dividend payout represents a 7% increase over last year's pre-split total dividend payout. What was last year's dividend per share?
