A firm is considering a stock buyback or an equal amount of a cash dividend. Which one of the following is not true when comparing the impact of the two ? The firm's remaining shareholders will have lower immediate tax liability with the stock buyback. The short-term stock price will be higher in the short run with the buyback. The earnings per share will be higher in the short-run with the stock buyback. The firm will have a higher cash balance after the share buyback