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Which of the following actions will best enable a company to raise additional equity capital, other things held constant? a. Refund long-term debt with lower

Which of the following actions will best enable a company to raise additional equity capital, other things held constant?

a. Refund long-term debt with lower cost short-term debt.

b. Declare a stock split.

c. Lower their dividend pay-out ratio.

d. Initiate a stock repurchase program.

e. Announce a higher dividend payment in the future.

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