Problem

In 2008 Pfizer had 12,000 million shares of common stock authorized, 8,863 million in issu...

In 2008 Pfizer had 12,000 million shares of common stock authorized, 8,863 million in issue, and 6,746 million outstanding (figures rounded to the nearest million). Its equity account was as follows:

Common stock

$ 443

Additional paid-in capital

70,283

Retained earnings

44,148

Treasury shares

(57,391)

a. What was the par value of each share?


b. What was the average price at which shares were sold?


c. How many shares had been repurchased?


d. What was the average price at which the shares were repurchased?


e. What was the net book value of Pfizer’s common equity?

Step-by-Step Solution

Request Professional Solution

Request Solution!

We need at least 10 more requests to produce the solution.

0 / 10 have requested this problem solution

The more requests, the faster the answer.

Request! (Login Required)


All students who have requested the solution will be notified once they are available.
Add your Solution
Textbook Solutions and Answers Search
Solutions For Problems in Chapter 14