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A company may reacquire its own shares for all of the following reasons EXCEPT a. To reduce the number of shares issued thereby increasing earnings

A company may reacquire its own shares for all of the following reasons EXCEPT

a. To reduce the number of shares issued thereby increasing earnings per share

b. To increase trading in the companies shares in hopes of enhancing its market value

c. to hold the shares as a long term investment

d. to have additional shares available for use in the acquisition of other companies

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