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Nolan favors a share repurchase. He argues that a repurchase will increase the companys P/E ratio, return on assets, and return on equity. Are his

Nolan favors a share repurchase. He argues that a repurchase will increase the company’s P/E ratio, return on assets, and return on equity. Are his arguments correct? How will a share repurchase affect the value of the company?

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