(I) Generally, firms engage in stock repurchases during recessions due to low stock prices.

(II) During periods of high growth, it is not unusual for firms to pay out 100% of their earnings to shareholders in the form of dividends.

Group of answer choices

Both are true

(I) True; (II) False

Both are false

(I) False; (II) True

Please provide reasoning and recheck your answer by crossing referencing other responses (I think those might be wrong)

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