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The Directors of Hager Mills Prefer to Keep the Price

Question 249

Multiple Choice

The directors of Hager Mills prefer to keep the price of the firm's stock within a price range of $30 to $45 a share. Currently, the stock is selling for $63 a share due to the improving growth outlook of the firm. Given this, the directors are most apt to:


A) Pay a special dividend.
B) Implement a stock repurchase program.
C) Declare a 2-for-1 stock split.
D) Declare a 1-for-2 reverse stock split.
E) Pay a liquidating dividend.

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