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Unformatted text preview: share buyback program. Mashburn: To begin this year, you mean? Lane: Right! I know Barber will be lobbying to use the funds for our European expansion. She's probably right about the best use of our funds, but we can always issue more notes next year. Right now, we need a quick fix for our EPS numbers. Mashburn: Our shareholders are accustomed to increases every year. Required: 1. How will a buyback of shares provide a “quick fix” for EPS? 2. Is the proposal ethical? 3. Who would be affected if the proposal is implemented?...
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This note was uploaded on 08/20/2011 for the course ACCT 610 taught by Professor Johnson during the Spring '09 term at Maryland.
- Spring '09