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1. (5 Pts) Which one correctly identifies some of the effects of firm's repurchase of shares, holding the net income constant? a. The number of

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1. (5 Pts) Which one correctly identifies some of the effects of firm's repurchase of shares, holding the net income constant? a. The number of shares outstanding will rise; EPS will fall. b. The number of shares outstanding will fall; EPS will fall. C. The number of shares outstanding will rise; EPS will rise. d. The number of shares outstanding will fall; EPS will rise. e. None of the above

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