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Horton Industries shareholders equity included 220 million shares of $1 par common stock and a balance in paid-in capitalexcess of par of $1,760 million. Assuming
Horton Industries shareholders equity included 220 million shares of $1 par common stock and a balance in paid-in capitalexcess of par of $1,760 million. Assuming that Horton retires shares it reacquires (restores their status to that of authorized but unissued shares), by what amount will Hortons total paid-in capital decline if it reacquires 5 million shares at $6.00 per share? (Enter your answer in millions (i.e., 10,000,000 should be entered as 10).)
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