Alta Gems Stock Is Currently Trading at $36 a Share

question 65

Multiple Choice

Alta Gems stock is currently trading at $36 a share. The company believes its primary clientele can afford to spend between $2,000 and $2,500 to purchase a round lot of 100 shares. This company should consider a:

• A) reverse stock split.
• B) liquidating dividend.
• C) stock dividend.
• D) stock split.
• E) special dividend.

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Definitions:

Evolutionary Change

The pathway through which multiple categories of living beings are believed to have advanced and diversified from primitive forms during the chronological history of Earth.

Fully Aquatic

Pertains to organisms that spend their entire life cycle living in water.

Baleen

A filter-feeding system inside the mouths of baleen whales, it consists of keratin plates for filtering small food items from water.

Dorudon

An extinct genus of medium-sized whales that lived approximately 40 to 33 million years ago.