Question: repurchase announcement? b. What is the expected return on the firm's equity before the announcement of the stock repurchase plan? c. What is the expected

repurchase announcement? b. What is the expected return on the firm's

repurchase announcement? b. What is the expected return on the firm's equity before the announcement of the stock repurchase plan? c. What is the expected return on the equity of an otherwise identical all-equity firm? d. What is the expected return on the firm's equity after the announcement of the stock repurchase plan

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