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The Jennings Group reacquired 3 million of its shares at $75 per share as treasury stock. Last year, for the first time, Jennings sold 1
| The Jennings Group reacquired 3 million of its shares at $75 per share as treasury stock. Last year, for the first time, Jennings sold 1 million treasury shares at $76 per share. |
| By what amount will Jennings retained earnings decline if it now sells the remaining 2 million treasury shares at $72 per share? |
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Authors: Tracy Jones, Helen Atkinson, Angela Lorenz, Peter Harris
6th Edition
