1- Which of the following statements is CORRECT?

A-If a company has a 2-for-1 stock split, its stock price should roughly double.

B-Very often, a company's stock price will rise when it announces that it plans to commence a share repurchase program. Such an announcement could lead to a stock price decline, but this does not normally happen.

C- Stock repurchases increase the number of outstanding shares.

D- The clientele effect is the best explanation for why companies then to vary their dividend payments from quarter to quarter.2- If a company's Ex-dividend date is Monday, January 14, its payment date must be....

A- Tuesday, January 15.

B- Wednesday, January 16.

C- Thursday, January 17.

D- There is no relationship between Ex-dividend and payment dates.