Business
Business, 31.03.2020 03:59, nayy57

In previous years, Cox Transport reacquired 4 million treasury shares at $22 per share and, later, 2 million treasury shares at $25 per share. If Cox now sells 2 million treasury shares at $27 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? (Enter your answer in millions (i. e., 10,000,000 should be entered as 10).)

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In previous years, Cox Transport reacquired 4 million treasury shares at $22 per share and, later, 2...

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