When a Firm Purchases Its Own Stock in the Open

question 10

Multiple Choice

When a firm purchases its own stock in the open market, the repurchased shares become known as ____.

• A) treasury stock
• B) preferred stock
• C) option stock
• D) reinvestment stock

---

Definitions:

Public Universities

Institutions of higher learning that are predominantly funded by public means through a national or subnational government.

High School Graduates

High school graduates are individuals who have successfully completed the required coursework and assessments of secondary education, receiving a diploma as certification.

Superscript

A character, number, or symbol written or printed above the main line of text.

Source Notes

Annotations or references that give credit to the original sources of information or ideas used in a piece of writing or presentation.