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Corporations purchase and hold their own stock, known as treasury stock, for several reasons. Identify which of the following is not a reason that a
Corporations purchase and hold their own stock, known as treasury stock, for several reasons. Identify which of the following is not a reason that a corporation would buy treasury stock.
- To reduce the market value of the common shares outstanding
- To show management confidence in the price
- To use their shares to acquire another carporation
- To reissue them to employees
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