The directors of Hager Mills prefer to keep the price of the firm's stock within a pricerange
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Question:
The directors of Hager Mills prefer to keep the priceof the firm's stock within a pricerange of $30 to $45 a share. Currently, the stock is selling for $63 a share due to the improving growth outlook of the firm. Given this, the directors are most apt to:
A.pay a special dividend.
B.implement a stock repurchase program.
C.declare a 2-for-1 stock split.
D.declare a 1-for-2 reverse stock split.
E.pay a liquidating dividend.
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