he stockholders$$ equity section of Your Nesting Place is presented here.

YOUR NESTING PLACE

Balance Sheet $($partial$)$

$($$ and shares in thousands$)$

Stockholders' equity:

Preferred stock, $$1$ par value $$4,700,000$

Common stock, $$1$ par value $17,000,000$

Additional paid$-$in capital $441,200,000$

Total paid$-$in capital $462,900,000$

Retained earnings $275,000,000$

Treasury stock, $11,000,000$ common shares $(209,000,000)$

Total stockholders' equity $$528,900,000$

Based on the stockholders' equity section of Your Nesting Place, answer the following questions.

$3.$ If the common shares were issued at $$17$ per share, at what average price per share were the preferred shares issued?