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A company neither earns a profit nor incurs a loss when it sells its stock to, or buys its own stock from its stockholders. What

A company neither earns a profit nor incurs a loss when it sells its stock to, or buys its own stock from its stockholders.

What is the reasoning for the above statement? Why can't a company make a profit or suffer a loss when it buys or sells it own stock? It makes sense when we think about evaluating a company's profitability.

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