A stock has a normal trading range of $22 to $30. The stock is currently selling at $41 a share. It would be common for a firm in this situation to:
A) Repurchase outstanding shares by issuing debt securities.
B) Do a reverse stock split to lower the market price of the stock.
C) Issue a one-time special dividend.
D) Increase the number of outstanding shares via a stock split.
E) Issue a liquidating dividend to lower the value of the firm.
Correct Answer:
Verified
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