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74. BCD Corporation is authorized to issue 150,000 ordinary shares at P10 par value and 250,000 preference shares at P 25 par value. During its

74. BCD Corporation is authorized to issue 150,000 ordinary shares at P10 par value and 250,000 preference shares at P 25 par value. During its first year operation, the following share capital transactions have been summarized: Preference Share Capital- 437,000; Ordinary Share Capital- 250,000; Share Premium Preference- 201,250; Share Premium- Ordinary- 175,000

The average selling price for the preference shares is closest to

a. 14.60

b. 17.00

c. 25.00

d. 36.50

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