Apple Incorporated (AI) board of directors has indicated that they will repurchase AIs stock effective July 1st 2020. You currently hold 100 AIs stock. Explain in detail, the concept of information content to be derived from the board of directors pronouncement. Discuss the likely impact of this pronouncement to AIs stock price? In respect of this announcement, discuss the concept of the signalling theory and how will managers of AI be placed in an advantageous position ahead of the normal investor?