Which of the following is generally NOT true of stock repurchase plans?
A) Firms announce buying plans in advance.
B) The plan sets a specific time frame for repurchase.
C) The plan sets a specific dollar figure (or number shares) to be repurchased.
D) Once a plan is announced,the vast majority of firms (in excess of 70%) complete the plans as announced.
Correct Answer:
Verified
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