An Exchange of One Share of an Old Issue of Stock

question 50

Multiple Choice

An exchange of one share of an old issue of stock for a multiple number of shares of a new issue of stock with reduced par value is known as a:

• A) property dividend.
• B) stock dividend.
• C) stock split.
• D) liquidating dividend.

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Definitions:

Medical Services

Professional health care services provided by doctors, nurses, and other health professionals to diagnose, treat, and prevent illness.

Implied Term

A condition or element not expressly mentioned in a contract but assumed to be included by virtue of the nature of the agreement or the circumstances under which it was made.

Second-Hand Dealer

A business or individual that buys and sells used goods.

Security Interest

A legal claim or lien on collateral that has been pledged, usually to secure repayment of a debt.