5) What is the impact on shareholder wealth of a share repurchase versus cash dividend of equal amount when the tax treatment of the two alternatives is the same? (Select 1)01 pts) • A share repurchase will always lead to higher total shareholder wealth than a cash dividend of an equal amount

5) What is the impact on shareholder wealth of a share repurchase versus cash dividend of equal amount
when the tax treatment of the two alternatives is the same?
(Select 1)01 pts)

• A share repurchase will always lead to higher total shareholder wealth than a cash dividend of
an equal amount.

A share repurchase is equivalent to a cash dividend of an equal amount, so total shareholder
wealth will be the same.
O A share repurchase will sometimes lead to higher total shareholder wealth than a cash dividend
of an equal amount