Question
14. Progressive Corporation executed a 3:1 (3 for 1) common stock split on April 23, 2002. In general, why do companies split their stock 3
14. Progressive Corporation executed a 3:1 (3 for 1) common stock split on April 23, 2002. In general, why do companies split their stock 3 for 1?
| A. To raise the per-share stock price | ||
| B. To lower the per-share stock price | ||
| C. To convert the shares into bonds | ||
| D. To earn cash to finance immediate business needs |
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Cases In Healthcare Finance
Authors: Louis C. Gapenski, George H. Pink
4th Edition
1567933424, 978-1567933420
