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Problem 14-7 Equity Accounts (LO3) Book value of common stockholders' equity of FedEx,...

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Accounting

Problem 14-7 Equity Accounts (LO3)
Book value of common stockholders' equity of FedEx, May 31,2020(figures in $ millions)
Requlred:
Suppose that FedEx now Issues 5 million shares at $150 a share. Update the table below with the new values.
b. What would happen to the book value of common stockholders' equity If Instead FedEx bought back 5 million shares at $150 per
share?
Answer is complete but not entirely correct.
Complete this question by entering your answers in the tabs below.
What would happen to the book value of common stockholders' equity if instead FedEx bought back 5 million shares at $150
per share?
Note: Negative amounts should be indicated by a minus sign. Enter your answers in millions rounded to 1 decimal place.
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