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Corporate bond repurchases and earnings management

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Figure  1: Annual  Debt Repurchases 250   200   150   -100 50 0   -1994 FAq  14519961998 2000 2002 2004  2006  2008 Year
Figure 3:  Distribution of impact of extinguishment  gains/losses  on earnings 00 C N 40%35% 30%25% 20% 15% 10% 5% 0%
Table  1: Sample  Description  (1994-2011) Panel A:  Sample  Reconciliation
Table 2: Descriptive  Statistics
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