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A firm had common stock ($0.50 in par value) of $200,000 in 2017, and common stock ($0.50 in par value) of $340,000 in 2018. The

A firm had common stock ($0.50 in par value) of $200,000 in 2017, and common stock ($0.50 in par value) of $340,000 in 2018. The same firm had capital surplus (or additional paid-in capital) of $3,400,000 in 2017, and $5,850,000 in 2018. What was the price an individual share (i.e. one share) was sold in 2017?

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$18.50

$9.25

$21.10

$12.95

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