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Multiple-Choice Exercise 10-10 A company would repurchase its own stock for all of the following reasons except: a. It believes the stock is overvalued. b.

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Multiple-Choice Exercise 10-10 A company would repurchase its own stock for all of the following reasons except: a. It believes the stock is overvalued. b. It wishes to prevent unwanted takeover attempts. c. It wishes to increase the earnings per share. d. It needs the stock for employee bonuses

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