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TRUE or FALSE: In theory, stock repurchases should not provide value to the firm's equityholders, as while repurchases decrease the supply of the firm's shares

TRUE or FALSE: "In theory, stock repurchases should not provide value to the firm's equityholders, as while repurchases decrease the supply of the firm's shares they also decrease the firm's cash on hand and/or increase liabilities (in order to fund the buyback). However, in actuality, there does seem to be a positive link between stock repurchases and strong stock returns."

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