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

Common shares ($0.10 par value per share)$ 35

Additional paid-in capital3,102

Retained earnings23,727

Treasury shares at cost(7,831)

Other(374)

Net common equity$ 18,659

Note: Authorized shares (millions) Issued shares, of which:

Outstanding shares 305

Treasury shares 45

1. Suppose that FedEx now issues 4 million shares at $170 a share. Update the table below with the new values.
2. What would happen to the book value of common stockholders equity if instead FedEx bought back 4 million shares at $170 per share?

Suppose that FedEx now issues 4 million shares at $170 a share. Note: Negative amounts should be indicated by a minus sign. Ente What would happen to the book value of common stockholders' per share? Note: Negative amounts should be indicated by a minus sign