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On January 29th, the Company undergoes an Initial Public Offering. They issue 15,000 shares of $0.10 par value common stock for $15 per share. One

On January 29th, the Company undergoes an Initial Public Offering. They issue 15,000 shares of $0.10 par value common stock for $15 per share. One June 16th, the Company repurchases 2,000 shares for $20 per share. After the repurchase, what is the value of the treasury stock?

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