#3. If the common shares were issed at $13 per share, at what average price per share were the preferred shares issued?

Required information [The following information applies to the questions displayed below.) The stockholders' equity section of Velcro World is presented here. VELCRO WORLD Balance Sheet (partial) (s and shares in thousands) Stockholders' equity! Preferred stock, si par value 4,300 Common stock, 51 par value 13,000 Additional paid-in capital 293,600 Total paid-in capital 310.900 Retained earnings 271,000 Treasury stock, 12,000 common shares (180,000 Total stockholders' equity 5401,900 Based on the stockholders' equity section of Velcro World, answer the following questions. Remember that all amounts are presented in thousands 3. If the common shares were issued at $13 per share, at what average price per share were the preferred shares Issued? Preferred shares issued price per share