If a firm wants to decrease the per-share price of its common stock, which of the following actions should it take? Assume everything else remains constant.

a. Initiate a 2-for-1 stock split

b. Repurchase some of its stock, and use the proceeds to pay off long-term bonds

c. Initiate a 1-for-3 reverse stock split

d. Issue a substantial amount of new bonds to finance capital budgeting projects that have negative net present values (NPVs)

e. Increase the per share dividend that it pays