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Given the following statements regarding treasury stock. Statement 1: Treasury stock may be purchased to increase earnings per share. Statement 2: Treasury stock may be

Given the following statements regarding treasury stock. Statement 1: Treasury stock may be purchased to increase earnings per share. Statement 2: Treasury stock may be purchased to increase the market price per share. A. Only Statement 1 is true. B. Only Statement 2 is true. C. Both Statements 1 and 2 are true. D. Both Statements 1 and 2 are false.

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