Calculate the original price per share

Reference no: EM132176445

Question - Initial sale price of common stock: Haymitch Brewing Corporation has one issue of preferred stock and one issue of common stock outstanding. Given Haymitch's stockholders' equity account that follows, determine the original price per share at which the firm sold its single issue of common stock.

Stockholders' Equity ($000)
Preferred stock	$228
Common stock ($0.49 par, 394,000 shares outstanding)	193
Paid-in capital in excess of par on common stock	2,608
Retained earnings	792
Total stockholders' equity	$3,821

Required- Calculate the original price per share?

Reference no: EM132176445

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