Q#2. After the severe 2008 stock market crash, an increasing number of publicly traded firms announced stock buyback (repurchase) programs. Most analysts are also predicting that many firms will use the money saved due to the 2018 tax law to repurchase their stock or pay dividends. Please explain what benefits or rationale, if any, firms see in stock repurchases when their prices are down or to share their enhanced earnings with shareholders and how would investors react to these repurchase programs. You would want to use your understanding of chapter 14 stock repurchase discussion in your answers. Limit your answers to no more than ten (10) sentences.
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