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Unformatted text preview: $443 million/8,863 million shares b. The shares were sold at an average price of: [$443 million + $70,283 million]/8,863 million shares = $7.98 c. The company has repurchased: 8,863 million – 6,746 million = 2,117 million shares d. Average repurchase price: $57,391 million/2,117 million shares = $27.11 per share. e. The value of the net common equity is: $443 million + $70,283 million + $44,148 million – $57,391 million = $57,483 million...
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- Spring '11
- Overview of Corporate Financing