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: Washington and Jefferson Inc.'s board of directors has decided to repurchase some of its stock on the open market because it wants to Increase the company's debt-to-equity ratio. What is the company's motivation for the stock repurchase? To protect against a takeover attempt To acquire shares needed for employee options or compensation O 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. Stock repurchases allow a firm to distribute earnings to investors without changing the amount of the regular cash dividend. At times, the company will repurchase its stock at a price higher than the true value of the stock. The market generally perceives a stock repurchase as a sign that management believes that the firm's stock is undervalued