Which of the Following Statements Is (Are)true

Which of the following statements is (are) true?

A) Stock splits and stock dividends are simply accounting changes; the market recognizes this and, thus, the stock price is unaffected by an announcement of a stock split or a stock
Dividend.
B) Both the announcement of a dividend payment and the announcement of a share repurchase tend to result in an increase in stock price of the same magnitude when they
Result in similar payouts.
C) Although the announcement of a dividend payment results in an increase in the price of a stock, on average, the announcement of a repurchase of shares does not seem to affect the
Stock price.
D) Both B and C are true statements.