Question $3$

A large commercial bank repurchases $30$ percent of its outstanding common stock from the open $($secondary$)$ market using cash. This activity will most likely result in a$($n$)$:

Select one

A$.$ A decrease in total assets.

B$.$ A decline in earnings per share.

C$.$ An increase in cash.

D$.$ The number of stockholders would remain the same as a result of the preemptive right.