True/False

(a) According to standard arguments, the price per share depends on the number of shares outstanding.

(b) Income tax on executive stock options is deferred.

(c) Regulations classify an employee or a former employee who also serves on the Board as a grey director.

(d) Mandatory health insurance removes adverse selection from the life insurance market.

(e) New issue underpricing benefits subscribers to the new issue.

(f) Share repurchases are good news for shareholders.

(g) In bankruptcy, deferred stocks are paid after preferred stocks.

(h) Leverage raises the operating risk premium of assets.