The stock that has been bought back and is not considered outstanding anymore is called treasury stock. There are a number of reasons why a firm might want to repurchase its own stock. Read the statement and then answer the corresponding question about the company's motivation for the stock repurchase: Washington and Jefferson Inc. 's board of directors has decided to repurchase some of its stock on the open market because the company has received a large, one-time cash flow, and it believes that the company's stock is undervalued. What is the company's motivation for the stock repurchase? To adjust the firm's capital structure To protect against a takeover attempt To distribute excess funds to stockholders To acquire shares needed for employee options or compensation