A firm's cash dividends were $3.96 per share of common stock for calendar 2013. In 2014, the stock was split 3-for-1, and in 2015 a 10% stock dividend was issued. Dividends per share for 2013, to be reported in the firm's annual report for 2015, are:
A) $3.96.
B) $1.45.
C) $1.32.
D) $1.20.
Correct Answer:
Verified
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