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In previous years, Cox Transport reacquired 3 million treasury shares at $15 per share and, later, 2 million treasury shares at $20 per share. By
In previous years, Cox Transport reacquired 3 million treasury shares at $15 per share and, later, 2 million treasury shares at $20 per share. By what amount will Coxs paid-in capitalshare repurchase increase if it now sells 3 million treasury shares at $23 per share and determines cost as the weighted-average cost of treasury shares? (Enter your answer in millions (i.e., 10,000,000 should be entered as 10).)
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