A Company May Repurchase Their Own Shares for the Following

Multiple Choice

A company may repurchase their own shares for the following reasons except:

A) the company has issued all its authorized shares and needs the repurchased shares for distributions to employees under stock purchase plans
B) the company needs more financing
C) management wants to avoid a takeover by an outside party
D) the purchase may help support the share's current market price by decreasing the supply of shares available to the public