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Burton Inc. has two classes of stock, 5 % $ 1 0 0 par cumulative Preferred Shares and $ 3 par Common Shares. The equity
Burton Inc. has two classes of stock, $ par cumulative Preferred Shares and $ par Common Shares. The equity section shows:
Common stock, $ par value, shares authorized and shares issued................$
Paid in capital in excess of par value........................................................................................$
At what average price was the common shares issued?
Respond rounded to TWO DECIMALS, without a dollar sign and without commas.
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