Explain how a repurchase changes the number of shares but notthe stock price.

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter7: Common Stock: Characteristics, Valuation, And Issuance
Section: Chapter Questions
Problem 12QTD
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Explain how a repurchase changes the number of shares but not
the stock price.

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