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Question(s) / Instruction(s):

A firms cash dividends were $3.96 per share of common stock for calendar 2010. In 2011 the stock was split 3 for 1, and in 2012 a 10% stock dividend was issued. Dividends per share for 2010, to be reported in the firms annual report for 2012, are:

a)            $3.96

b)            $1.45

c)            $1.32

d)            $1.20

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