WHICH OF THE FOLLOWING WILL NOT REDUCE THE SHARE PRICE?

/in /by

WHICH OF THE FOLLOWING WILL NOT REDUCE THE SHARE PRICE? ASSUME AN ALL EQUITY FIRM AND NO INFORMATION, AGENCY, OR LEVERAGE EFFECTS: A) STOCK DIVIDEND B) CASH DIVIDEND C) A STOCK REPURCHASE AT A PRICE THAT IS LESS THAN THE PRE-ANNOUNCEMENT PRICE D) A 2-1 STOCK SPLIT (SPLIT RATIO = 2)

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