If you ignore taxes and costs, a stock repurchase will

QUESTION

If you ignore taxes and costs, a stock repurchase will:

I. increase the total assets of a firm.

II. decrease the earnings per share.

III. reduce the total debt of a firm.

IV. reduce the total equity of a firm.

III only II and IV onlyII, III, and IV onlyIV only I, III, and IV only

ANSWER

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