21. Suppose AMC management expects good news to come out. Based on your answers to Problems 19...
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21. Suppose AMC management expects good news to come out. Based on your answers to Problems 19 and 20, 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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Related Book For 
Fundamentals Of Corporate Finance
ISBN: 9780134475561
4th Edition
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
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