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3. Which statement is false about stock split? A A stock split is a corporate action in which a company divides its existing shares into

3.

Which statement is false about stock split?

A A stock split is a corporate action in which a company divides its existing shares into multiple shares

B A stock split is essentially the same as a stock dividend except expressed as a ratio

C The purpose of a stock split is to increase stock price

D Stock splits increase the number of shares outstanding E Stock splits help increase the liquidity of a stock.

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