Which of the following is a reason for a firm for repurchasing its sha

Which of the following is a reason for a firm for repurchasing its shares?

A) to diminish the shareholder value by increasing the number of shares outstanding and thereby raising earnings per share
B) to help encourage a friendly takeover by increasing the number of publicly traded shares
C) to make shares available for stock option plans
D) to make shares available for cash dividends

ANSWER

C