Book value of common stockholders$$ equity of FedEx, May $31,2020($figures in $ millions$)$ Required:

a$.$ Suppose that FedEx now issues $2$ million shares at $$160$ 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 $$160$ per

share?

Complete this question by entering your answers in the tabs below.

Suppose that FedEx now issues $2$ million shares at $$160$ a share. Update the table below with the new values.

Note: Negative amounts should be indicated by a minus sign. Enter your answers in millions rounded to $1$ decimal place.

Common shares $($$$0\mathrm{.}10$ par value per share$)$ $ $39$

Additional paid$-$in capital $3,095$

Retained earnings $23,720$

Treasury shares at cost $(7,726)$

Other $(367)$

Net common equity $ $18,761$

Note:

Authorized shares $($millions$)$

Issued shares, of which:

Outstanding shares $341$

Treasury shares $49$

Required:

Suppose that FedEx now issues $2$ million shares at $$160$ a share. Update the table below with the new values.

What would happen to the book value of common stockholders$$ equity if instead FedEx bought back $2$ million shares at $$160$ per share?