Stock repurchases are made for all of the following reasons EXCEPT
A. to obtain shares to be used in acquisition.
B. to retire outstanding issues.
C. to have shares available for stock option plans.
D. to decrease the book value of equity.
Answer:D
Stock repurchases are made for all of the following reasons EXCEPT
A. to obtain shares to be used in acquisition. B. to retire outstanding issues. C. to have shares available for stock option plans. D. to decrease the book value of equity.