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QUESTION
WHICH OF THE FOLLOWING WILL NOT REDUCE THE SHARE PRICE?
WHICH OF THE FOLLOWING WILL NOT REDUCE THE SHARE PRICE? ASSUME AN ALL EQUITY FIRM AND NO INFORMATION, AGENCY, OR LEVERAGE EFFECTS: A) STOCK DIVIDEND B) CASH DIVIDEND C) A STOCK REPURCHASE AT A PRICE THAT IS LESS THAN THE PRE-ANNOUNCEMENT PRICE D) A 2-1 STOCK SPLIT (SPLIT RATIO = 2)
