Stock Repurchases May Be Made for All of the Following

Multiple Choice

Stock repurchases may be made for all of the following reasons EXCEPT

A) to enhance shareholder value by reducing the number of shares outstanding and thereby raising earnings per share.
B) to help discourage an unfriendly takeover by reducing the number of publicly traded shares.
C) to make shares available for stock option plans.
D) to make shares available for stock dividends.