A corporation issued 14,000 shares of its $2 par value common stock at a cash price of $27 per share. On May 1st, the company repurchased 2500 shares of its own common stock on May 1 for $30 per share. A corporation issued 14,000 shares of its $2 par value common stock at a cash price of $27 per share. On May 1st, the company repurchased 2500 shares of its own common stock on May 1 for $30 per share