Analyzing and Computing Issue Price, Treasury Stock Cost, and Shares Outstanding Following is the stockholders' equity section of the Merck & Co., Inc., balance sheet. Merck & Co., Inc. Stockholders' Equity ($ millions) Dec. 31, 2014 Dec. 31, 2013 Common stock, $0.50 par value Authorized-6,500,000,000 shares Issued- 3,466,987,365 shares in 2014 and 2013 $1,734 $1,734 Other paid-in capital 38,996 39,124 Retained earnings 46,021 39,257 Accumulated other comprehensive loss (4,323) (2,197) 82,428 77,918 Less treasury stock, at cost: 737,005,489 shares in 2014 and 649,576,808 shares in 2013 34,520 29,555 Total Merck & Co., Inc. stockholders' equity $47,908 $48,363 a. Explain the derivation of the $1,734 million in the common stock account. Complete the calculation of total an Enter share amounts in millions ($3,000,000 = $3). Round share amounts to the nearest whole number. million shares X $ million b. Using December 31, 2014 balances, at what average issue price were the Merck common shares issued? Round answer to two decimal places. $ c. At what average cost was the Merck treasury stock as of December 31, 2014? Round answer to two decimal places. $ d. How many common shares are outstanding as of December 31, 2014? Enter full number - do not convert to millions or round answer. shares