Solution Preview1. A firm with excess cash and few investment alternatives might logically:
A.	Declare a stock dividend
B.	Split the stock 2-for-1
C.	repurchase some of its own stock
D.	choose to issue preferred stock
Answer:C
Solution Preview1. A firm with excess cash and few investment alternatives might logically:
A.	Declare a stock dividend B.	Split the stock 2-for-1 C.	repurchase some of its own stock D.	choose to issue preferred stock