Question
XYZ Company's stock is trading for $200/share on the New York Stock Exchange. If XYZ wanted to reduce the trading price of the stock to
XYZ Company's stock is trading for $200/share on the New York Stock Exchange. If XYZ wanted to reduce the trading price of the stock to $40/share, the BOD would most likely authorize which one of the following to accomplish this? a. sale of treasury stock
b. stock dividend
c. cash dividend
d. stock split
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Fundamentals of Cost Accounting
Authors: William Lanen, Shannon Anderson, Michael Maher
3rd Edition
9780078025525, 9780077517359, 77517350, 978-0077398194
