Value Value of the firm's operations Intrinsic value of equity immediately prior to stock repurchase Intrinsic stock price immediately prior to the stock repurchase $6,750.00 million $750.00 million $67.50 million $810.00 million Number of shares repurchased Intrinsic value of equity immediately after the stock repurchase Intrinsic stock price immediately after the stock repurchase Based on your understanding or stock repurchases, identify whether the following statement is true or false: The stock price of a firm increases after the firm repurchases some of its shares. This statement is because if the stock price changes after a firm conducts its share repurchase, then there opportunities. Thus, the price of the stock remains the same after a repurchase. arbitrage