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A firm has $2,550,000 in its common stock account and $25,500,000 in its paid in capital account. The firm issued 510,000 shares of common stock.

A firm has $2,550,000 in its common stock account and $25,500,000 in its paid in capital account. The firm issued 510,000 shares of common stock. What was the issue price (market value) if only one stock issuance has occurred?

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