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Agee total paid-in capital decline

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Agee Storage issued 36 million shares of its $1 par common stock at $14 per share several years ago. Last year, for the first time, Agee retired 1 million shares at $12 per share.

If Agee now retires 1 million shares at $18 per share, by what amount will Agee's total paid-in capital decline?

Reference no: EM133247011

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