Stock repurchases give more flexibility to the firm than do regular, cash dividends. Which of the following is false? Multiple Choice Stock repurchases may offer tax advantages over that of regular cash dividends Stock repurchases can be spread out over a longer period of time Stock repurchases require no long-term commitment since they are a one-time transaction Stock repurchases are preferred by tax-exempt investors. Stock repurchases generally allow the firm to buy shares back at the lowest possible price