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On March 1, ABC Corporation and XYZ Corporation both had 250,000 outstanding shares of common stock, and neither firm had any shares in treasury. Over
On March 1, ABC Corporation and XYZ Corporation both had 250,000 outstanding shares of common stock, and neither firm had any shares in treasury. Over the course of the month, ABC purchased 40,000 of its outstanding shares for placement in treasury, while XYZ purchased 80,000 of its outstanding shares for placement in treasury. The firms' purchases of treasury stock suggest that Select answer from the options below ABC may be more interested than XYZ in increasing its stockholders' equity. XYZ may be more interested than ABC in increasing its stockholders' equity. ABC may be more worried than XYZ about the threat of a takeover attempt. XYZ may be more worried than ABC about the threat of a takeover attempt
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