Reasons Given for a Company to Buy Back Its Own

Reasons given for a company to buy back its own shares include all of the following except:

A) to reduce the market price per share of its stock to make it more affordable to potential investors.
B) to permanently reduce shareholder claims.
C) to temporarily hold shares for later use.
D) to decrease the likelihood that a company will be the object of a takeover bid.
E) to distribute in an employee stock purchase plan.