The 2012 statement of shareholders equity of Starbucks, the coffee shop retailer, included the following information concerning

The 2012 statement of shareholders’ equity of Starbucks, the coffee shop retailer, included the following information concerning common stock (in millions):

REQUIRED:
a. Compute the average prices at which the shares in 2011 and 2012 were issued and purchased.
b. Were the shares to exercise the stock options issued at a higher or lower price than the shares issued for the sale of common stock? Explain how the two sets of shares could be issued for different purposes. What do the repurchase and sale indicate about the stock pricetrend?

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Shares Dollar Amount 2011: Exercised stock options Sale of common stock Repurchase of stock 2012: Exercised common Sale of common stock Repurchase of stock 17.3 0.5 15.6 $ 312.5 19.1 555.9 326.1 19.5 501.9 stock 16.5 0.3 12.3