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Which of the following is not a benefit of share repurchases relative to dividends? 1. a higher stock price 2. provides shareholders with a predictable
Which of the following is not a benefit of share repurchases relative to dividends? 1. a higher stock price 2. provides shareholders with a predictable income stream without requiring them to do anything 3. tax benefits for shareholders 4. flexibility for the firm 5. a positive NPV investment when the firm buys undervalued shares
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