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A company has 1,000 shares of treasury stock. The par of this stock is $5, and the company paid $20 per share to acquire

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A company has 1,000 shares of treasury stock. The par of this stock is $5, and the company paid $20 per share to acquire the stock. Which of the following is correct. The company can resell these shares, but for no more than $5 per share. The company can resell these shares for the current market price. The company cannot resell these shares, because they were already issued in the past. The company can resell these shares, but for no more than $20 per share.

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