Boslan Group reported having 89 1 million shares outstanding at the
Boslan Group reported having 89.1 million shares outstanding at the end of its most recent fiscal year, ended December 31, 2012. On March 1, 2013, Boslan issued 25.1 million shares of common stock, at a price of $32 per share. On August 1, 2013, Boslan repurchased 22.2 million shares of common stock. On November 1, Boslan repurchased another 2.9 million shares of common stock. Boslan had no other common share transactions during fiscal 2013.
a. How many common shares did Boslan have outstanding at December 31, 2013?
b. What was Boslan’s weighted-average number of shares outstanding for the year ended December 31, 2013?

Membership TRY NOW
  • Access to 800,000+ Textbook Solutions
  • Ask any question from 24/7 available
  • Live Video Consultation with Tutors
  • 50,000+ Answers by Tutors
Relevant Tutors available to help