Question
Assume a perfect capital market. Which of the following values tends to increase if a company uses excess cash to buy back shares? a. Total
Assume a perfect capital market. Which of the following values tends to increase if a company uses excess cash to buy back shares?
a. Total equity value
b. The number of shares
c. Total earnings
d. The required return of equity/ROE
e. Share price
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Statistical Techniques In Business And Economics
Authors: Douglas Lind, William Marchal
16th Edition
78020522, 978-0078020520
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