Clark Jones writes:
> Bill Carlson wrote:
> >
> > On Tue, Jan 30, 2001 at 02:44:01AM -0800, Dave Peticolas wrote:
> > >
> > > 1. Are stock splits always reported as the ratio of two integers?
> >
> > I have never seen anything but this.
>
> It's not all that unusual for certain types of "companies" to have a
> "fractional split", e.g., 1.003/1, often called a "stock dividend".
Is that actually reported as a split? In the funds I have owned, you
could elect to have your dividends used to purchase more shares, but
that wasn't a 'split'.
Can mutual funds split?
dave
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