An exchange of one share of an old issue of stock for a multiple number of shares of a new issue of stock with reduced par or stated value is known as a

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This is describing a stock split which involves exchanging one share of an old issue of stock for multiple shares of a new issue with reduced par or stated value. A property dividend involves distributing assets rather than shares of stocks, a stock dividend involves issuing additional shares of the same stock to existing shareholders, and a liquidating dividend involves the company distributing assets upon liquidation or dissolution.

An Exchange of One Share of an Old Issue of Stock