Following is the stockholders' equity section of Fortune Brands balance sheet and its statement of stockholders' equity.

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a. Explain the " \(\$ 2.67\) " component of the convertible preferred stock account title.

b. Show (confirm) the computation that yields the \(\$ 734.0\) million common stock at year-end 2007 .

c. Assuming that the convertible preferred stock was sold at par value, at what average price were Fortune Brands' common shares issued as of year-end 2007 ?

d. What is included in Fortune Brands' other comprehensive income for 2007? What other accounts are typically included in other comprehensive income?

e. Explain the \(\$ 26\) million tax benefit on exercise of stock options, reported in the statement of stockholders' equity.

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December 31 (In millions, except per share amounts) Stockholders' Equity $2.67 convertible preferred stock ..... Common stock, par value $3.125 per share, 234.9 shares issued Paid-in capital..... Accumulated other comprehensive income.. Retained earnings. Treasury stock, at cost. Total stockholders' equity 2007 2006 $ 5.7 $ 6.3 734.0 734.0 684.3 615.7 349.1 37.9 6,999.3 6,496.3 (3,086.9) (3,162.2) $5,685.5 $4,728.0