An increase in the number of authorized, issued and outstanding shares of stock coupled with a proportionate reduction in the stock's par value is a:

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An increase in the number of authorized, issued and outstanding shares of stock along with a proportionate reduction in its par value is a stock split. A stock split is where a company increases its available shares by proportionately reducing the stock's par value. This does not affect the total capitalization of the company. It is typically done to make the stock more affordable to smaller investors and to increase the liquidity of the stock.

An Increase in the Number of Authorized, Issued and Outstanding