If you really want to buy the company, you buy up all its equity-- all of its shares--and all of its debt.

如果你想买下公司,就得买下所有股份,所有的股票,还有所有的债务

耶鲁公开课 - 金融市场课程节选

In a stock repurchase, if they repurchase everybody's shares-- the same proportion--it doesn't affect that ratio.

股票回购中,若他们购回所有人的股份,相同份额比,那就不会影响比例

耶鲁公开课 - 金融市场课程节选

The other thing that a company can do to get money out is share repurchase-- stock repurchase or share repurchase It's perfectly--this sometimes surprises people when they first think about it.

另外一个可以让公司,收回投资的方法是股票回购,股票回购或者股份回购,最初看到这一方法时,人们可能会十分惊讶

耶鲁公开课 - 金融市场课程节选