A company gas a large cash balance but its directors have been unable to identify any positive NPV projects to
invest in. Which THREE of the following are advantages of a share repurchase, compared with a one-off large
dividend?
TU has relatively few tangible assets and is dependent for profits and growth on the high-value individuals it
employs. Which of the following statements best explains why the net asset valuator method’s considered
unstable for TU?