Examlex
Which of the following is NOT a device to reduce transaction costs?
Common Stock
Represents equity ownership in a corporation, giving shareholders voting rights and a claim on a portion of the company's profits through dividends.
Treasury Shares
Shares that were issued and then repurchased by the issuer, reducing the quantity of outstanding stock.
Outstanding Shares
The total number of shares of a company's stock currently held by all its shareholders, including share blocks and restricted shares.
Issued Shares
The total number of shares that have been sold to and are held by shareholders.
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