E. None of the above 11. The correct statement includes A. B. C. If a firm makes a stock split, its stock return in the long run tends to be higher, according to the signaling theory. If a firm makes a reverse stock split, its stock return in the long run tends to be higher, according to the signaling theory. If a firm makes a stock repurchase, its stock return in the long run tends to be lower, according to the signaling theory. If a firm reduces its cash dividend, its stock return in the long run tends to be higher, according to the signaling theory. None of the above is correct. D. E