7 ed out of on Which of the following statements is CORRECT? Select one: O a. Back before the SEC was created in the 1930s, companies would declare reverse splits in order to boost their stock prices. However, that practice is illegal today. O b. Stock splits create more administrative problems for investors than stock dividends, especially determining the tax basis of their shares when they decide to sell them, so today stock dividends are used far more often than stock splits. Oc. When a company declares a stock split, the price of the stock typically declines and this necessarily reduces the total market value of the equity. Od. If a firm's stock price is quite high relative to most stocks, it can declare a stock split of say 10- for-1 so as to bring the price down