As discussed in the chapter, companies buy back their own stock for a number of reasons. An
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As discussed in the chapter, companies buy back their own stock for a number of reasons. An article on this topic is available on the Libby/Libby/Short website at www.mhhe.com/libby4e. You should read the article, "Stock Market Time Bomb,"* November 15, 1999, and then write a short memo summarizing the article. In general, do you think large stock buybacks are good for investors?
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