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: D
Business
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