A Stock Repurchase Program

question 78

Multiple Choice

A stock repurchase program:

• A) requires all shareholders to sell a fraction of their shares.
• B) is preferred over a high-dividend program only by tax-exempt shareholders.
• C) decreases both the number of shares outstanding and the market price per share.
• D) has no effect on a company's financial statements.
• E) is essentially the same as a cash dividend program provided there are no taxes or other costs.

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Definitions:

Assembly Language

A computer language that allows programmers to write programs using a set of short, English-like commands that speak directly to the CPU and that give the programmer direct control of hardware resources.

Generations

Refers to different stages or iterations in the development of technology or products, often used to denote significant improvements or changes.

Subclass

In object-oriented programming, a class that is derived from another class (the superclass) and inherits its features but can also have additional properties or methods.

Modified Class

A class in object-oriented programming that has been altered or extended from its original definition to add new behaviors or modify existing ones.