Question
If investors believe a public companys senior executives know substantial inside information, then the managements decision to issue additional shares signals ____ of the companys
If investors believe a public companys senior executives know substantial inside information, then the managements decision to issue additional shares signals ____ of the companys stock, and the management decision to repurchase (or buy back) existing shares signals _____ of the companys stock.
Group of answer choices
undervaluation, undervaluation
undervaluation, overvaluation
overvaluation, undervaluation
overvaluation, overvaluation
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Fundamentals Of Corporate Finance
Authors: Stephen A Ross, Randolph W Westerfield, Bradford D Jordan
7th Edition
0073134295, 9780073134291
