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33 34/ 55 a. What is treasury stock and how does it affect the overall value of stockholders' equity? b. How does purchasing treasury

33 34/ 55 a. What is treasury stock and how does it affect the overall value of stockholders' equity? b. How does purchasing treasury stock affect the number of shares outstanding? c. Explain five reasons why a corporation may acquire treasury stock (repurchase its own shares back d. What are three advantages of purchasing treasury stock? What are three limitations of purchasing treasury stock?

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