Which of the Following Is True of a Repurchase (Buyback)of

Multiple Choice

Which of the following is true of a repurchase (buyback) of shares?

A) Companies tend to buy back their stock when they're doing poorly and price is low.
B) The true purpose of a buyback is to escape from the regular payment of interest.
C) Repurchases earn continuing shareholders the most when the stock's market price is below its true or intrinsic value.
D) If the market price of a stock increases after a buy back, value is passed to those who sold.