Look back at Table 14.2.
a. Suppose that Honeywell issued an additional 50 million shares at $30 a share. Rework Table 14.2 to show the company’s equity after the issue.
b. Suppose that Honeywell subsequently repurchased 20 million shares at $35 a share. Rework Table 14.2 to show the effect of this further change.
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