Book value of common stockholders equity of FedEx, February 28, 2018 (figures in $ millions)

Common shares ($0.10 par value per share)	$	33
Additional paid-in capital		3,100
Retained earnings		23,725
Treasury shares at cost		(7,801	)
Other		(372	)
Net common equity	$	18,685
Note:
Authorized shares (millions)		750
Issued shares, of which:		330
Outstanding shares		287
Treasury shares		43

Required:

a. Suppose that FedEx now issues 2 million shares at $130 a share. Update the table below with the new values.

b. What would happen to the book value of common stockholders equity if instead FedEx bought back 2 million shares at $130 per share?

a. Suppose that FedEx now issues 2 million shares at $130 a share. Update the table below with the new values. b. What would happen to the book value of common stockholders' equity if instead FedEx bought back 2 million shares at $130 pe share? Complete this question by entering your answers in the tabs below. Suppose that FedEx now issues 2 million shares at $130 a share. Update the table below with the new values. (Negative amounts should be indicated by a minus sign. Enter your answers in millions rounded to 1 decimal place.)