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In previous years, Cox Transport reacquired 2 million treasury shares at $25 per share and,...

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Accounting

In previous years, Cox Transport reacquired 2 million treasury shares at $25 per share and, later, 1 million treasury shares at $34 per share. By what amount will Coxs paid-in capitalshare repurchase increase if it now sells 1 million treasury shares at $37 per share and determines cost as the weighted-average cost of treasury shares?

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