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

Common shares $($$$0\mathrm{.}10$ par value per share$)$ $ $32$

Additional paid$-$in capital $3,087$

Retained earnings $23,712$

Treasury shares at cost $(7,606)$

Other $(359)$

Net common equity $ $18,866$

Note:

Authorized shares $($millions$)$

Issued shares, of which:

Outstanding shares $279$Book value of common stockholders' equity of FedEx, May $31,2020($figures in $ millions$)$

Required:

a$.$ Suppose that FedEx now issues $4$ 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 $4$ million shares at $$130$ per

share?

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

Suppose that FedEx now issues $4$ million shares at $$130$ 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.

What would happen to the book value of common stockholders' equity if instead FedEx bought back $4$ million shares at $$130$

per share?

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

Treasury shares $41$