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Use the following two statements to answer this question:
I.Managers only repurchase shares to take advantage of their underpricing
II.Share repurchases are exactly the same as cash dividends in the real world.
Thomas Edison
An American inventor and entrepreneur, known for developing many devices in fields such as electric power generation, mass communication, sound recording, and motion pictures.
General Electric
A multinational conglomerate corporation specializing in a wide range of products and services including power generation, aviation, and healthcare technologies.
Mass Public Education
The system of providing free, accessible education to large populations, typically funded and administered by government entities, aiming to achieve high literacy and educational standards.
Alberta Tar Sands
Large deposits of bitumen, a very heavy oil, located in northeastern Alberta, Canada, considered one of the world's largest reserves of crude oil.
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