5. After the end of 2002, Nokia should NOT have bought back its stock or issued dividends because: A I do not want to answer this question B This signalled to the markets that Nokia's other investment alternatives had an even lower rate of return and that is why it chose to buy back stock instead C It could do no wrong given its incredible position of strength and could have used the cash to do nothing for a while or to focus on areas of relative weakness D That led to consecutive drops in the company's share price because Nokia was the market's darling and by buying back shares, signalled it was overvalued E That entailed a tremendous amount of cash and increased its leverage significantly at a time when the credit rating agencies were particularly conservative 6. Maximising shareholder value: A Has always been a necessary reason for the existence of a successful corporation but these days it no longer suffices to define what successful corporations stand for B I do not want to answer this question Has always been a sufficient reason for the existence of a successful corporation but not a necessary condition to describe corporate purpose D Used to be a necessary but not a sufficient component of the purpose of successful corporations. However, lately things started changing fast and now it is a sufficient component E Currently describes what successful corporations stand for, what they do and will do, and how they do it