A company wants to buy back stock. How will this impact the company and its stock?

a. The company makes more money because management owns more stock.

b. Other investors make less money because management can pay more dividends to internal shareholders before external shareholders.

c. Because there are fewer shares in the open market, the price of the shares goes up.

d. The net income of the company will go up because of the increase in stock prices.

e. All of the above.