Essay
In 2013, Apple Computers decided to raise a large amount of money by selling bonds (previously the company had little or no debt) and use the proceeds to repurchase billions of dollars worth of the company's stock. The decision was made after Apple stock lost more than 40% of its value in a six month period when most stock prices were rising. What were the company's intentions.
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Apple may have been trying to appease di...View Answer
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Correct Answer:
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