h conversion features of preferred stock and bonds that have not yet been exercised (and which may never be exercised).
6. The company has authorized five shares of preferred stock with no par value; none have been issued and none are outstanding for FY 2000 (Cisco Systems, 2000, p. 26).
7. The company does not issue dividends (Cisco Systems, 2000, p. 27).
8. Cisco Systems' equity is given as $26,497,000,000 (Cisco Systems, 2000, p. 26) with 7,438,000,000 diluted shares (Cisco Systems, 2000, p. 25). This yields a book value of $3.56 per share. It should be noted that the figure 7,438 million is used for diluted shares on pages 17 and 25 of the annual report, but the figure 7,138 million is used on page 26. Since the substitution of a "1" for a "4" is a common typographical error, these calculations use the more common 7,438 figure.
9a. The company does not have any preferred stockholders (Cisco Systems, 2000, p. 26).
9b. Paid-in capital is funds a corporation receives in excess of the par value of stock when it sells stock. Cisco Systems has a paid-in capital value of $
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