Stock repurchases reduce number of shares outstanding and


Explain why the following statement is wrong. (1 paragraph maximum) “Stock repurchases reduce the number of shares outstanding and therefore increase stock prices, since the stock price is equity value divided by the number of shares outstanding.”

Request for Solution File

Ask an Expert for Answer!!
Financial Management: Stock repurchases reduce number of shares outstanding and
Reference No:- TGS02701402

Expected delivery within 24 Hours