Why Apple is borrowing money to pay for $60B stock buyback

iDownload Blog
By Ed SutherlandApr 26, 2013, 1:15 pm505 pts
To bolster its stock in the eyes of investors, Apple recently announced it would buy back $60 billion worth of shares. Such a move makes sense – after all, the iPhone maker does have this cash hoard of nearly $150 billion. However, it turns out Apple won’t touch that money, opting instead to borrow the funds.…

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