The following partial information is taken from the

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Reference no: EM13569097

The following partial information is taken from the comparative balance sheet of Levi Corporation:

Shareholders' equity	12/31/2013	12/31/2012
Common stock, $5 par value; 21 million shares authorized; 16 million shares issued and 11 million shares outstanding at 12/31/2012; and ____million shares issued and ____shares outstanding at 12/31/2013.	$80 million	$55 million
Additional paid-in capital on common stock	521 million	397 million
Retained earnings	198 million	158 million
Treasury common stock, at cost, 5 million shares at 12/31/2013 and 3 million shares at 12/31/2012	(73 million)	(51 million)
Total shareholders' equity	$726 million	$559 million

What was the average price (rounded to the nearest dollar) of the additional shares issued by Levi in 2013?

Reference no: EM13569097

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