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The Jennings Group reacquired 2 million of its shares at $68 per share as treasury stock. Last year, for the first time, Jennings sold 1
The Jennings Group reacquired 2 million of its shares at $68 per share as treasury stock. Last year, for the first time, Jennings sold 1 million treasury shares at $69 per share. If Jennings now sells the remaining 1 million treasury shares at $65 per share, by what amount will retained earnings decline? (Enter your answer in millions (i.e., 10,000,000 should be entered as 10).)
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