Would managers be more likely to repurchase shares if they believe the stock is under- or overvalued?

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Would managers be more likely to repurchase shares if they believe the stock is under- or overvalued?
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Fundamentals of Corporate Finance

ISBN: 978-0133400694

1st canadian edition

Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford, David A. Stangeland, Andras Marosi

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