Stock splits are often employed in order to: 23 Multiple Choice o adjust the market price of a stock such that it falls within a preferred trading range. decrease the excess cash held by a firm. increase both the number of shares outstanding and the market price per share. increase the total equity of a firm. o adjust the debt-equity ratio such that it falls within a preferred range. 28 An investor purchased 1,000 shares of Travertine stock on January 18th. On February 5th, she sold 200 shares of this stock for $21 per share. On March 9th, she sold an additional 400 shares for $22.50 per share. The company declared a $.50 per share dividend on February 25th to holders of record as of Thursday, March 10th. The dividend is payable on March 31st. How much dividend income will the investor receive on March 31st? Multiple Choice $100 O O $200 O $300 $400 O $500