Repurchase of Shares and Book Value per Share ExxonMobil repurchased common shares during 2002 and, as a result, the Treasury stock account increased by $4,480,000,000. The market price of ExxonMobil shares averaged $37.70 per share dur- ing the year. The condensed 2002 shareholders' equity section of the balance sheet showed (dollars in millions): Common stock, no par Earnings reinvested Treasury stock Other Total stockholders' equity $ 4,217 100,961 (24,077) (6,504) $ 74,597 1. Estimate the number of shares repurchased for the treasury. 2. Compute the book value per share at December 31, 2002, assuming 6,700 million shares out- standing. 3. Compute the book value per share, assuming the 2002 treasury stock purchase did not occur.