$0.75 Which of the following actions will best
Which of the following actions will best enable a company to raise additional equity capital, other things held constant?
1. Refund long-term debt with lower cost short-term debt.
2. Declare a stock split.
3. Begin an open-market purchase dividend reinvestment plan.
4. Initiate a stock repurchase program.
5. Begin a new-stock dividend reinvestment plan.