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  3. 2. a major objective of a stock split is to reduc

2. A major objective of a stock split is to reduce the market price...

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Question

Accounting

2. A major objective of a stock split is to

  1. reduce the market price per share.
  2. increase the market price per share.
  3. discourage short-term investors.
  4. encourage long-term investors.

3. Warren Buffet has never declared a split on Berkshire Hathaway's Class A stock because he believes

  1. doing so would ruin the company image.
  2. high-priced stock attracts more sophisticated investors.
  3. the taxes would be outrageously high.
  4. all of the above.

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