AMC Corporation currently has an enterprise value of $360 million and $110 million in excess cash The firm has 30 million shares outstanding and no debt Suppose AMC uses its excess cash to repurchase shares After the share repurchase, news will come out that will change AMC's enterprise value to other 5560 million or $160 million Suppose AMC management expects good news to come out of management wants to maximize AMC's ultimate share price will they undertake the repurchase before or after the news comes out? When would management undertake the repurchase if they expect bad news to come out? What offect would you expect an announcement of a share repurchase to have on the stock price? To maximize its share price, when will AMC prefer to repurchase shares? (Select the best choice below.) A. Before either good or bad news comes out B. Alter good news and before bad news comes out OC. Before good news and after bad news comes out OD Aftor 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 management expects good news to come out or that any bad news has already come out, both of which could have a positive impact on the stock price An announcement of a share topurchase implies that management expects bad news to come out or that any good news has already come out, both of which could have a positive impact on the stock price Click to select your