Question 24 1 pts Which of the following is NOT an advantage of stock repurchases relative to dividend distributions? Repurchases also increase corporate leverage, which might be the manager's goal. Repurchases are more flexible for the firm, whereas dividends are typically distributed on a set schedule. Repurchases are more flexible for shareholders. All shareholders receive a dividend, but they can choose to sell during a repurchase. Repurchases provide a signal to the firm's investors, while the initiation of a dividend does not provide any signal