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Which of the following is NOT a legitimate real-world consideration for a share repurchase? Protection against takeover attempt. Altering the firm's capital structure. The firm's

Which of the following is NOT a legitimate real-world consideration for a share repurchase?

Protection against takeover attempt.

Altering the firm's capital structure.

The firm's management thinks that the firm's shares are undervalued.

Capital gains are more favourably taxed than dividends.

The firm's management wants to raise its earnings per share.

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