Tulia dairy pays a 250 cash dividend and earns 5 per share-, Financial Management

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Tulia dairy pays a 250 cash dividend and earns 5 per share-

Tulia Dairy pays a $2.50 cash dividend and earns $5 per share.

The cash dividend has recently been increased to $2.65 per share, and a 3 percent stock dividend has been declared.

What is the effective rate of increase in the dividends for Tulia as a result of this action?

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Financial Management: Tulia dairy pays a 250 cash dividend and earns 5 per share-

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Financial Management: Tulia dairy pays a 250 cash dividend and earns 5 per share-

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