Which of the following is described as a firm buying back shares of its own stock?

Question

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Repurchase or buyback refers to a situation where a firm buys back shares of its own stock. This can be done for various reasons, such as to increase the value of existing shares, reduce the number of outstanding shares, or prevent a hostile takeover. Ex-dividend refers to the date on which a stock trades without the dividend attached. Ex-stock purchase and repossession are not relevant terms for this concept.

Which of the Following Is Described as a Firm Buying