When will a company repurchase shares of its common stock in the financial markets?
A. When the price of the firm's stock is overvalued
B. When the management wants to increase the ownership control of the outside investors
C. When the firm has excess cash but no good investment opportunities
D. When the common stockholders are last to receive proceeds from the liquidation
E. When the returns on the firm's stocks are generated by capital gains
Answer: C
You might also like to view...
In an operating lease, the lessee is not required to record the right to use the property as an asset or to record the obligation for payments as a liability
a. True b. False Indicate whether the statement is true or false
Which type of charitable nonprofit organizations is the least professionalized?
A. religious B. advocacy C. environmental D. arts and culture
Consolidating purchases to achieve volume discounts is a sourcing strategy of ______.
A. bottleneck purchases B. noncritical purchases C. leveraged purchases D. strategic purchases
"You're saying that automobile quality and service are less important to you than price?" is an example of what category of question?
A. Nondirective B. Rephrasing C. Direct D. Product-specific E. Redirect