1. The dividend payout ratio is the dividend divided by the stock price.

(TRUE or FALSE)

2. Stock splits are usually utilized to place stock in a lower-price trading range.

(TRUE or FALSE)

3. Stock splits increase the amount of shares, decreases the par value per share, and decreases the overall value of common stock in the equity section of the balance sheet.

(TRUE or FALSE)

4. Stock dividends and stock splits have the same impact on retained earnings.

(TRUE or FALSE)

5. The repurchase of a corporation's own stock will generally have a negative impact on the stock market price.

(TRUE or FALSE)