Suppose a firm does not pay a dividend but repurchases stock using $20 million of cash,the market value of the firm decreases by
A)$20 million.
B)-$20 million.
C)0.
D)cannot say for sure

Question

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The Answer of Suppose a firm does not pay a dividend but repurchases stock using $20 million of cash,the market value of the firm decreases by
A)$20 million.
B)-$20 million.
C)0.
D)cannot say for sure

Suppose a Firm Does Not Pay a Dividend but Repurchases