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The Jennings Group reacquired 4 million of its shares at $84 per share as treasury stock. Last year, for the first time, Jennings sold 2

The Jennings Group reacquired 4 million of its shares at $84 per share as treasury stock. Last year, for the first time, Jennings sold 2 million treasury shares at $85 per share.

If Jennings now sells the remaining 2 million treasury shares at $81 per share, by what amount will retained earnings decline?

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