When a Firm Declares a Stock Repurchase

question 117

Multiple Choice

When a firm declares a stock repurchase:

• A)the number of outstanding shares falls along with the price
• B)the number of outstanding shares falls and the price remains unchanged
• C)an investor will receive cash in exchange for a smaller %age of ownership
• D)demand drives the stock price up

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Definitions:

Continue Statement

A control statement in programming that causes the loop to immediately jump to the next iteration of the loop.

Entry Condition

An entry condition is a precondition that must be true before entering a loop or function to ensure proper execution.

Do...While Loop

A control flow statement that executes a block of code at least once and then repeats the loop as long as a specified condition is true.

Continue Statement

A control statement that causes the loop to skip the rest of its body and immediately retest its condition prior to reiterating.