I've now run into two past exam questions (Spring '14 & Fall '13, Q5 on each) that talk about share repurchase. I've looked in the appendix of Corporate Finance to see where I might have missed something, but I can't find anything, and I don't have time to look through all the other texts.
The first 2 sections of Ch. 17 in CF talks about share repurchase and how this affects share value and what it looks like on the balance sheet. It's particularly helpful in understanding Spring '14 Q5 (actually there's an example in these first two sections that's almost identical to this question). I'm surprised it's not on the syllabus (I've checked twice now), but it might be of value to some - It was to me.
Good luck.
The first 2 sections of Ch. 17 in CF talks about share repurchase and how this affects share value and what it looks like on the balance sheet. It's particularly helpful in understanding Spring '14 Q5 (actually there's an example in these first two sections that's almost identical to this question). I'm surprised it's not on the syllabus (I've checked twice now), but it might be of value to some - It was to me.
Good luck.
chapter 17 in CF
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