As a Minimum, How Large in Relation to Total Outstanding

Multiple Choice

As a minimum, how large in relation to total outstanding shares may a stock distribution be before it should be accounted for as a large stock dividend instead of as a small stock dividend?

A) no less than 2% to 5%
B) no less than 10% to 15%
C) no less than 20% to 25%
D) no less than 45% to 50%