Multiple Choice
Which two of the following are limits on the use of share repurchases?
A) The firm must gain permission of shareholders.
B) The size of the repurchase must not exceed 10 per cent of the original share issue.
C) Initial sales must not be made to existing shareholders.
D) There must be no creation of an artificial market in the company's shares.
Correct Answer:
Verified
Correct Answer:
Verified
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