In 1999 Pfizer had 9,000 million shares of common stock authorized, 4,260 million in issue, and 3,847

Question:

In 1999 Pfizer had 9,000 million shares of common stock authorized, 4,260 million in issue, and 3,847 million outstanding (figures rounded to the nearest million). Its equity account was as follows:

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Currency translation adjustment and contributions to an employee benefit trust have been deducted from retained earnings.

a. What is the par value of each share?

b. What was the average price at which shares were sold?

c. How many shares have been repurchased?

d. What was the average price at which the shares were repurchased?

e. What is the value of the net common equity?

Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Par Value
Par value is the face value of a bond. Par value is important for a bond or fixed-income instrument because it determines its maturity value as well as the dollar value of coupon payments. The market price of a bond may be above or below par,...