In previous years, Cox Transport reacquired 3 million treasury shares at $14 per share and, later,...
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In previous years, Cox Transport reacquired 3 million treasury shares at $14 per share and, later, 1 million treasury shares at $18 per share. If Cox now sells 2 million treasury shares at $22 per share and determines cost as the weighted-average cost of treasury shares, by what amount will Cox's paid-in capital-share repurchase increase? Note: Enter your answer in millions (l.e., 10,000,000 should be entered as 10). Paid-in capital share repurchase will increase by million In previous years, Cox Transport reacquired 3 million treasury shares at $14 per share and, later, 1 million treasury shares at $18 per share. If Cox now sells 2 million treasury shares at $22 per share and determines cost as the weighted-average cost of treasury shares, by what amount will Cox's paid-in capital-share repurchase increase? Note: Enter your answer in millions (l.e., 10,000,000 should be entered as 10). Paid-in capital share repurchase will increase by million
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