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Which of the following statements is/are true about the impact of repurchases on the dividend discount model? Select ALL that apply.
Repurchases have no impact on the dividend discount model.
Repurchases act like dividends in the dividend discount model.
When repurchases are involved, it becomes easier to value the entity's total free cash flow instead of only the dividends.
Repurchases make it easier to value the stock on a per share basis because there are fewer shares over which to calculate a return.