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Book value of common stockholders' equity of FedEx, May 31, 2020 (figures in $ millions) Common shares ($0.10 par value per share) Additional paid-in
Book value of common stockholders' equity of FedEx, May 31, 2020 (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 Required: $ 31 3,098 23,723 (7,771) (370) $ 18,711 269 41 a. Suppose that FedEx now issues 5 million shares at $150 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 5 million shares at $150 per share?
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