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9. Stock repurchases and dividends are ways to return excess cash to stockholders. If there are no taxes or transaction costs, what is (are) true?

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9. Stock repurchases and dividends are ways to return excess cash to stockholders. If there are no taxes or transaction costs, what is (are) true? (A) the firm's equity will be reduced afterwards for both approaches, (B) the share price will fall after stock repurchases, (C) the number of shares of the firm will stay the same after dividends, (D) the share price will fall after dividends

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