Which one of the following statements about the impact of using cash for dividends or a stock repurchase (short-term and everything else equal) is false?

Group of answer choices

a. Market value per share after a stock repurchase will be the same as before a stock repurchase.

b. Market value per share after dividends will be the same as before dividends.

c. Earnings per share will increase with a stock repurchase.

d. Earnings per share will be unchanged by dividends.