A company may repurchase its own shares for all of the following reasons except to
A)enhance market value.
B)reduce market value.
C)increase basic earnings per share.
D)have additional shares available for use.

Question

Quizplus · Accepted Answer

Companies repurchase their own shares to enhance market value, increase earnings per share, and have additional shares available for various purposes, but not to reduce market value.

A Company May Repurchase Its Own Shares for All of the Following