Hello,

I need assistance with the assignment below. Please answer in memo format. Please provide a different version than the one that is already on Chegg.

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

Thank you in advance