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Starbucks repurchased over $1.4 billion of its common stock in 2015. How did this repurchase...

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Accounting

Starbucks repurchased over $1.4 billion of its common stock in 2015. How did this repurchase affect Starbucks' ROE?

ROE usually decreases since the repurchase of shares reduces the denominator (avg. stockholders' equity).

ROE usually increases since the repurchase of shares reduces the denominator (avg. stockholders' equity).

ROE usually increases since the repurchase of shares increases the denominator (avg. stockholders' equity).

ROE usually decreases since the repurchase of shares increases the denominator (avg. stockholders' equity).

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