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The Basu Group reacquired 2 million of its shares at $70 per share as treasury stock. Last year, for the first time, Basu sold
The Basu Group reacquired 2 million of its shares at $70 per share as treasury stock. Last year, for the first time, Basu sold 1 million treasury shares at $71 per share. If Basu now sells the remaining 1 million treasury shares at $67 per share, by what amount will retained earnings decline? Note: Enter your answer in millions (l.e., 10,000,000 should be entered as 10). Retained eamings will decline by million
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