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When a shareholder sells stock ina corporation, the transaction normally results in a capital gain or loss. Why do publicly held corporations acquire their own

When a shareholder sells stock ina corporation, the transaction normally results in a capital gain or loss.

Why do publicly held corporations acquire their own stock ?

Why do closely held private acquire their own stock ?

What is the alternative tax treatment to a shareholder ( other than a sale) on a stock redemption ?

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