Stock splits are often used to:
A) adjust the market price of a share such that it falls within a preferred trading range.
B) decrease the excess cash held by a firm.
C) increase both the number of shares outstanding and the market price per share simultaneously.
D) increase the total equity of a firm.
E) adjust the debt-equity ratio such that it falls within a preferred range.
Correct Answer:
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A)increases the total value of
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A) increase
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Q40: Financial managers:
A)are reluctant to cut dividends.
B)tend to
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