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Assume you are the CFO of a company that has accumulated a significant amount of cash well beyond its foreseeable needs. The company's CEO has

Assume you are the CFO of a company that has accumulated a significant amount of cash well beyond its foreseeable needs. The company's CEO has asked your opinion about using the cash to repurchase company shares or using the money to distribute an extraordinary dividend to your shareholders. In a brief memo, explain to the CEO the pros and cons of each. You may assume your company is fictitious and assign to it whatever circumstances you like, or you may assume your company is an existing corporation. The memo should include at least two references to published works, books, articles, etc.

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