In problem 19.5, suppose that Levy has announced it will repurchase $22,800 worth of stock. What effect
Question:
Ignoring tax effects, show how the share repurchase is effectively the same as a cash dividend.
In problem 19.5
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Corporate Finance
ISBN: 978-0071339575
7th Canadian Edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Gordon Ro
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