Explain the ‘Signalling Hypothesis’, ‘Free Cash Flow Hypothesis’ and the ‘Expropriation Hypothesis’ in the context of market’s favourable reaction to Stock Repurchase announcements.

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Explain the ‘Signalling Hypothesis’, ‘Free Cash Flow Hypothesis’ and the ‘Expropriation Hypothesis’ in the context of market’s favourable reaction to Stock Repurchase announcements.

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