In the absence of market imperfections and taxes, stock repurchases are same as cash dividends. How does this change in real world circumstances and what effect does a stock repurchase announcement have on stock price?
In the absence of market imperfections and taxes, stock repurchases are same as cash dividends. How does this change in real world circumstances and what effect does a stock repurchase announcement have on stock price?
Chapter8: Analysis Of Risk And Return
Section: Chapter Questions
Problem 9QTD
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In the absence of market imperfections and taxes, stock repurchases are same
as cash dividends. How does this change in real world circumstances and what
effect does a stock repurchase announcement have on stock price?
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