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11 1.If you ignore taxes and transaction costs, a stock repurchase will: I. reduce the total assets of a firm. Il. increase the earnings per

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11 1.If you ignore taxes and transaction costs, a stock repurchase will: I. reduce the total assets of a firm. Il. increase the earnings per share. Ill. reduce the PE ratio more than an equivalent stock dividend. IV. reduce the total equity of a firm. A. I and Ill only B. II and IV only C. I, II, and IV only D. I, III, and IV only E. I, II, III, and IV

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