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Share buybacks were illegal in the US up until 1982 and it was 1998 when the last restrictions on share buybacks were removed in Germany.

Share buybacks were illegal in the US up until 1982 and it was 1998 when the last restrictions on share buybacks were removed in Germany. Why do you think buybacks were illegal and explain whether you think they should be made illegal again? Discuss how a buyback affects a company and a shareholder compared to the payment of a dividend.

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