Multiple Choice
Which of the following statements about a bonus issue is NOT true?
A) Shareholders will only gain if the market value of the combined shares is greater than it was before the bonus issue.
B) Total shareholders' equity remains constant.
C) The total value of the firm must increase.
D) If a shareholder owned 10 per cent of the company before the bonus issue,she or he would still own 10 per cent after the bonus issue.
Correct Answer:
Verified
Correct Answer:
Verified
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