Question 9 (10 points) Listen What are the immediate consequences of a stock repurchase? 1. increase in the number of shares outstanding II. increase in the price per share of the repurchasing firm III. increase in earnings per share IV. PE ratio stays equal to that resulting from a comparable cash dividend 1) II and III 2) II and IV O3) II, III, IV 4) All of the above Question 10 (10 points) Listen The Kennesaw manufacturing Corp, board of directors passed a resolution to pay a cash dividend of $1.25 per share. The day of this decision is called: 1) payment date O2) date of record O3) declaration date 4) decision date