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Business, 06.04.2021 05:20 aileenzerr9664

Agee Storage issued 33 million shares of its $1 par common stock at $21 per share several years ago. Last year, for the first time, Agee reacquired 1 million shares at $19 per share. Assuming that Agee retires shares it reacquires (restores their status to that of authorized but unissued shares), by what amount will Agee’s total paid-in capital decline if it now reacquires 1 million shares at $24 per share?

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Agee Storage issued 33 million shares of its $1 par common stock at $21 per share several years ago....
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