Analysis of Stockholders' Equity

The Stockholders' Equity section of the December 31, 2017, balance sheet of Eldon Company appeared as follows:

Preferred stock, $50 par value, 5,000 shares authorized, ? shares issued	$250,000
Common stock, ? par, 10,000 shares authorized, 7,000 shares issued	70,000
Additional paid-in capitalPreferred	7,000
Additional paid-in capitalCommon	560,000
Additional paid-in capitalTreasury stock	2,000
Total contributed capital	$889,000
Retained earnings	39,000
Treasury stock, preferred, 100 shares	(3,200)
Total stockholders equity	$ ?

Required:

Determine the following items based on Eldon's balance sheet. Round all calculations except per-share amounts to the nearest whole number; round per-share amounts to the nearest cent.

6. The cost of the treasury stock per share

I keep getting 52, but that is not the answer.