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Joy Inc. repurchases 300 common shares and holds them in treasury on December 1, 2015. Assume the average issue price of the outstanding shares is

Joy Inc. repurchases 300 common shares and holds them in treasury on December 1, 2015. Assume the average issue price of the outstanding shares is $10 and that prior to this repurchase the amount of shares issued and outstanding is 2,000 shares. What is the effect on numbers of shares?

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