Use the following two statements to answer this question:
A) I and II are correct.
B) I and II are incorrect.
C) I is incorrect and II is correct.
D) I is correct and II is incorrect.
I.Managers only repurchase stocks to take advantage of their underpricing
II.Stock repurchases are exactly the same as cash dividends in the real world.

Question

Quizplus · Accepted Answer

Stock repurchases are not only used to take advantage of underpricing, and they are not exactly the same as cash dividends.

Use the Following Two Statements to Answer This Question