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Horton Industries shareholders equity included 230 million shares of $1 par common stock and a balance in paid-in capitalexcess of par of $2,070 million. Assuming
Horton Industries shareholders equity included 230 million shares of $1 par common stock and a balance in paid-in capitalexcess of par of $2,070 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 6 million shares at $8.50 per share
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