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If investors believe a public company's senios executives know substantial inside information, then the management's decision to issue additional shares signals ______ of the company's
If investors believe a public company's senios executives know substantial inside information, then the management's decision to issue additional shares signals ______ of the company's stock, and the management decision to repurchase (or buy back) existing shares signals ______ of the company's stock.
a) undervaluation, undervaluation
b) undervaluation, overvaluation
c) overvaluation, undervaluation
d) overvaluation, overvaluation
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