Which of the following is not an advantage of a repurchase? a. a repurchase announcement may be viewed as a positive signal by investors because repurchases are often motivated by managements' belief that their firms' shares are undervalued. b. stockholders are often indifferent between dividends and repurchases, and repurchases are generally just as dependable as dividends. c. stockholders have a choice when the firm distributes cash by repurchasing stock—they can sell or not sell their shares. d. repurchases can be used to produce large-scale changes in a firm's capital structure. e. a repurchase can remove a large block of stock that is "overhanging" the market and keeping the price per share down.

Suppose the government decides to issue a new savings bond that is guaranteed to double in value if you hold it for 20 years. assume you purchase a bond that costs $25. a. what is the exact rate of return you would earn if you held the bond for 20 years until it doubled in value? (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e. g., 32.16.) b. if you purchased the bond for $25 in 2017 at the then current interest rate of .27 percent year, how much would the bond be worth in 2027? (do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.) c. in 2027, instead of cashing in the bond for its then current value, you decide to hold the bond until it doubles in face value in 2037. what annual rate of return will you earn over the last 10 years? (do not