There are a number of reasons why a firm might want to repurchase its own stock. Read the statement and then answer the corresponding question about the company's motivation for the stock repurchase: Smith and Martin Co.'s board of directors has decided to repurchase some of its stock on the open market because the company has received a large, one-time cash flow, and it believes that the company's stock is undervalued, What is the company's motivation for the stock repurchase? To acquire shares needed for employee options or compensation To protect against a takeover attempt To adjust the firm's capital structure To distribute excess funds to stockholders Which of the following statements would be considered advantages of a stock repurchase? Check all that apply The interval between stock repurchases tends to be irregular, which means that investors cannot always count on cathinows from repurchases A stock repurchase can be used to minimize the dilution effect associated with employees exercising their stock options stock repurchases alowaniem to reduce the number of outstanding shoes, increase the firm share price, and make a potential takeover of the company more expensive