Multiple Choice
Which of the following statements is FALSE?
A) Stocks generally trade in lots of 1000 shares,and in any case do not trade in units less than one share.
B) Non-cash special dividends are commonly used to spin off assets or a subsidiary as a separate company.
C) The typical motivation for a stock split is to keep the share price in a range thought to be attractive to small investors.
D) If a company declares a 10% stock dividend,each shareholder will receive one new share of stock for every 10 shares already owned.
Correct Answer:
Verified
Correct Answer:
Verified
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