19. Suppose AMC management expects good news to come out. Based on your answers to Problems 17...

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19. Suppose AMC management expects good news to come out. Based on your answers to Problems 17 and 18, if management wants to maximize AMC’s ultimate share price, will they undertake the repurchase before or after the news comes out? When would management undertake the repurchase if they expect bad news to come out?

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Fundamentals Of Corporate Finance

ISBN: 9781292018409

3rd Global Edition

Authors: Berk, Peter DeMarzo, Jarrad Harford

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