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By what amount will Cox paid-in capital- share repurchase

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Question - In previous years, Cox Transport reacquired 2 million treasury shares at $20 per share and, later, 1 million treasury shares at $26 per share. If Cox now sells 1 million treasury shares at $29 per share and determines cost as the weighted-average cost of treasury shares, by what amount will Cox's paid-in capital- share repurchase increase?

Reference no: EM132736125

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