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Question 3 A large commercial bank repurchases 3 0 percent of its outstanding common stock from the open ( secondary ) market using cash. This

Question 3
A large commercial bank repurchases 30 percent of its outstanding common stock from the open (secondary) market using cash. This activity will most likely result in a(n):
Select one
A. A decrease in total assets.
B. A decline in earnings per share.
C. An increase in cash.
D. The number of stockholders would remain the same as a result of the preemptive right.
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