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9. Which of the following is not a reason why a company would purchase its own stock? a. The company needs shares in order to

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9. Which of the following is not a reason why a company would purchase its own stock? a. The company needs shares in order to meet employee stock option plans. b. The company's management may have concluded that the company's stock is undervalued at the prevailing market price. c. The company wants to increase its earnings per share. d. The company wants to manipulate its net income

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