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Which of the following statements is correct? Multiple Choice Stock splits and stock dividends both reduce the market price of a share and reduce Retained

Which of the following statements is correct?

Multiple Choice

Stock splits and stock dividends both reduce the market price of a share and reduce Retained Earnings.
Stock splits and stock dividends both reduce the market price of a share, but only stock splits reduce the par value of a share.
Stock splits and stock dividends both reduce the market price of a share, but only stock dividends reduce the par value of a share.
Stock splits and stock dividends both reduce the market price of a share and the par value of a share.

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