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Major World Corporation, Inc. (MWCI) acquired 100,000 shares of its own stock exactly one week prior to announcing a major global acquisition that will increase

Major World Corporation, Inc. (MWCI) acquired 100,000 shares of its own stock exactly one week prior to announcing a major global acquisition that will increase its market share and increase its short-term and long-term profitability. In your opinion, have the officers and directors of MWCI behaved ethically? Explain.

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