Describe at least three possible reasons the company

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Question: Doreen, an administrative assistant, is delivering a contract binder to the board of directors who are in a planning meeting. Just as Doreen enters the boardroom, she overhears the board talking about treasury stock. Doreen is pretty sure she heard one of the board members say something about a buyback, but they quickly switched their conversation to discussion of a weekend golf game when they realized she had entered the room. Doreen is somewhat concerned about their secretive behavior and wonders if the company may be in trouble, or if her job may be in jeopardy. In one to two paragraphs, provide a rationale for the following: Define treasury stock. Describe how treasury stock relates to a buyback. Describe at least three possible reasons the company would be discussing a buyback. Explain the financial impact that a buyback would have on the company.

Reference no: EM133344854

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