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Horton Industries' shareholders' equity included 180 million shares of $1 par common stock and a balance in paid-in capital-excess of par of $1,440 million.
Horton Industries' shareholders' equity included 180 million shares of $1 par common stock and a balance in paid-in capital-excess of par of $1,440 million. Assuming that Horton retires shares it reacquires (restores their status to that of authorized but unissued shares), by what amount will Horton's total paid-in capital decline if it reacquires 5 million shares at $7.00 per share? Note: Enter your answer in millions (i.e., 10,000,000 should be entered as 10). Total paid-in capital will decline by million
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