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Book value of common stockholders' equity of FedEx, February 28, 2018 (figures in $ millions) Common shares ($0.10 par value per share) Additional paid-in capital

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Book value of common stockholders' equity of FedEx, February 28, 2018 (figures in $ millions) Common shares ($0.10 par value per share) Additional paid-in capital Retained earnings Treasury shares at cost Other Net common equity Note: Authorized shares (millions) Issued shares, of which: Outstanding shares Treasury shares $ 38 3,094 23,719 (7,711) (366) $ 18,774 800 380 332 48 Required: a. Suppose that FedEx now issues 7 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 7 million shares at $130 per share? Complete this question by entering your answers in the tabs below. Required A Required B Suppose that FedEx now issues 7 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.) Common shares ($0.10 par value per share) Additional paid-in capital Retained earnings Treasury shares at cost Other Net common equity 0.0

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