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Burton Inc. has two classes of stock, 6%$100 par cumulative Preferred Shares and $1 par Common Shares. The equity section shows: Common stock, $1 par

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Burton Inc. has two classes of stock, 6%$100 par cumulative Preferred Shares and $1 par Common Shares. The equity section shows: Common stock, $1 par value, 1,000,000 shares authorized and _._. ?___ shares issued $470,000 Paid in capital in excess of par value. $238,000 At what average price was the common shares issued? Respond rounded to TWO DECIMALS, without a dollar sign and without commas. Your

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