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What is the average price paid by the stockholders

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Reference no: EM132170090

Question - A corporation reported the following in their balance sheet:

Common stock, $1 par, 100,000 shares

Authorized, Shares issued $40,000

Additional paid-in-capital $160,000

Retained Earnings 100,000

Treasury Stock (1,000 shares at cost) (6,000)

Total shareholders' equity $294,000

What is the average price paid by the stockholders for a share of common stock?

A. $1.00

B. $7.35

C. $6.00

D. $5.00

Reference no: EM132170090

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