At the end of 20X6, Home Ltd. reported the following in shareholders' equity: Common shares, no-par value; authorized, unlimited shares; issued, 14, 400, 000 shares Retained earnings $18,800,000 52,840,000 $71, 640,000 At this time, the shares were trading in the range of $4 to $6 per share on public stock markets. The company's board of directors is contemplating two alternative courses of action: 1. Declaring a 50% stock dividend, or 2. Executing a 3-for-2 stock split.