Empirical evidence suggests that
A)managers tend to borrow more at long-term rates rather than use short-term debt when the yield curve is steep.
B)managers tend to repurchase shares after the share price has increased and issue more equity when it has decreased in order to maintain the firm's debt-equity ratio.
C)managers try to time the market in deciding when to repurchase their shares.
D)All of the above are true statements.

Question

Quizplus · Accepted Answer

The Answer is C

Empirical Evidence Suggests That