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Author Question: When a company buys back shares at a price below the pre-announcement level (PR< PB), then the price ... (Read 46 times)

karateprodigy

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on: Apr 25, 2021

Question 1

When a company buys back shares at a price above the fair value (PR > PB), then the price rises after the repurchase is complete. Assume an all equity company and no information effects.
◦ true
◦ false

Question 2

When a company buys back shares at a price below the pre-announcement level (PR < PB), then the price rises after the repurchase is complete and wealth is transferred from those who hold their shares to those that tender shares. Assume an all equity company and no information effects.
◦ true
◦ false
Corporate Finance Online ¦ Eakins, McNally ¦ 2nd Edition
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Marked as best answer by karateprodigy on Apr 25, 2021

komodo7

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Reply #1 on: Apr 25, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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karateprodigy

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Reply 2 on: Apr 25, 2021
:D TYSM

triiciiaa

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Reply 3 on: Yesterday
Excellent

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