1) Holden Manufacturing has a capital structure of 60% equity and 40% debt. Which of these actions would increase common equity as a percentage of the capital structure?

A) Holden issues a $40 million 7-year bond offering in the public markets

B) Holden opens a revolving line of credit with a $10 million available balance but does not borrow against it

C) Holden initiates a 3-for-1 stock split, reducing the share price from $240 per share to $80 per share

D) This quarter, Holden increases its dividend from $1.50 to $1.85

E) None of the above actions will reduce Holden's equity