The company with the common equity accounts shown here has
decided on a two-for-one stock split. The firm’s 67-cent-per-share
cash dividend on the new (postsplit) shares represents an increase
of 10 percent over last year’s dividend on the presplit stock.Common stock ($1 par value) $ 225,000Capital surplus 1,070,000Retained earnings 2,543,000Total owners’ equity $ 3,838,000a. What is the new par value of the stock? (Do not round
intermediate calculations and round your answer to 2 decimal
places, e.g., 32.16.)b. What was...