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3. On September 22, 2020, Lululemon (Lulu), an athletic apparel retailer, announced plans to resume its share buyback program. The repurchase program was temporarily halted

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3. On September 22, 2020, Lululemon (Lulu), an athletic apparel retailer, announced plans to resume its share buyback program. The repurchase program was temporarily halted due to COVID-19. Lululemon shares rose 2.3% after hours. Based on what you have learned, why did the market respond favorably to the announcement

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