Question: 11. A stock repurchase program: Is essentially the same as a cash dividend program provided there are no taxes or other costs. Is preferred over

11. A stock repurchase program: Is essentially the same as a

11. A stock repurchase program: Is essentially the same as a cash dividend program provided there are no taxes or other costs. Is preferred over a high-dividend program only by tax-exempt shareholders. Decreases both the number of shares outstanding and the market price per share. Has no effect on a firm's financial statements. Requires all shareholders to sell a fraction of their shares. D. E

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