Question: 1. A stock dividend: a. is basically the same as a stock repurchase. b. increases the number of shares outstanding, but does not affect shareholder
1. A stock dividend: a. is basically the same as a stock repurchase. b. increases the number of shares outstanding, but does not affect shareholder wealth. c. reduces both the cash balance and the book value of equity. d. is generally expressed as a ratio, such as 3-for-1. e. of 30 percent or less is called a small stock dividend
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