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1. Compare and contrast the advantages and disadvantages of issuing common stock versus issuing long-term debt. 2. Provide two possible reasons why a company might

1. Compare and contrast the advantages and disadvantages of issuing common stock versus issuing long-term debt.

2. Provide two possible reasons why a company might decide to purchase treasury stock.

3. Explain how the purchase of treasury stock affects earnings per share and the value of the remaining outstanding common shares.

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