AMC Corporation currently has an enterprise value of 3310 millon and $130 millon in exoess cach. The firm has 25 milion ahares outulanding and no debt. Suppose AUC uses ith oxcesn cash to repurchuse ahares. Afler the share repurchase, news wil come out that will change AMCis enterprise value to either $510 milion or $110 milion. Suppose AMC mansoement expects good nexs to come out. If manegement warts to maximire AMC's vitmate thare price, will they undertake the repurchase bofore or after the news comes our? When would management undetaki the mopurchase if they expect bad news to come out? What effect would your expect an announcernent of a share repurchase to have on the stock price? To maximite its share prich, when wil AuC preler to repuichase shares? (Select the best choice below) A. Aher good news and belore bad nows oomes out B. Afler either good or bad news cones out. c. Before good news and after bad news comes out. D. Belore either good or bad news comes out. Given your answer above, what effect would you expect an announcement of a share repurchase to have on the stock price? (Select the best choice below.) An announcement of a share repurchase imples that manogoment expects bad news to conte cut or that avy good news has aready come out, both of which could have a posiove impact on The alock price. An announcement of a share repurchase imples that maragement expects pood news to come at or that ary bad news has alreody corre sul, beth of which could hare a posibve inpact on the stock price