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Which of the following statement is NOT TRUE with regard to share buybacks? a. Share buy-backs result in a reduction of share capital b. Share

Which of the following statement is NOT TRUE with regard to share buybacks?

a. Share buy-backs result in a reduction of share capital

b. Share buy-backs are not permitted under the Corporations Act 2001

c. Share buy-backs are transactions by which a company buys back its own shares from

existing shareholders

d. Share buy-backs are permitted if they do not materially prejudice a company's ability

to pay its creditors

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