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
Q20: Which three of the following make up
Q21: Which three of the following statements about
Q22: To whom must a special dividend be
Q23: What, according to Elton and Gruber, is
Q24: Which three of the following statements are
Q26: In which three ways may a share
Q27: Which two of the following are the
Q28: Which three of the following relate to
Q29: What is the main way in which
Q30: What is a scrip dividend?
A) A method
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents