Final answer:
A stock split is more likely to occur when a company's stock price has risen significantly. By splitting the stock, the company reduces the price per share, making it more accessible for investors.
Step-by-step explanation:
A stock split is more likely to occur when a company's stock price has risen significantly, making it more expensive for individual investors to purchase shares. By splitting the stock, the company reduces the price per share, making it more accessible and affordable for investors. Stock splits are often seen as a positive sign by investors as they can indicate confidence in the company's growth.