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In 2013, Apple Computers Decided to Raise a Large Amount

Question 100

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In 2013, Apple Computers decided to raise a large amount of money by selling bonds (previously the company had little or no debt)and use the proceeds to repurchase billions of dollars worth of the company's shares.The decision was made after Apple shares lost more than 40% of its value in a six-month period when most share prices were rising.What was the company's intention?

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Apple may have been trying to appease di...

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