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Book value of common stockholders equity of FedEx, May 31, 2020 (figures in $ millions)Common shares ($0.10 par value per share)$ 32Additional paid-in capital3,356Retained earnings25,216Treasury
Book value of common stockholders equity of FedEx, May 31, 2020 (figures in $ millions)Common shares ($0.10 par value per share)$ 32Additional paid-in capital3,356Retained earnings25,216Treasury shares at cost(9,162)Other(1,147)Net common equity$ 18,295Note: Authorized shares (millions) Issued shares, of which: Outstanding shares262Treasury shares56Required:Suppose that FedEx now issues 2 million shares at $250 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 $150 per share
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