Hello,

I am currently struggling with solving this finance problem. The problem is listed below, and I thank you for your help and time.

A firm has $5,500,000 in its common stock account and $55,000,000 in its paid in capital account. The firm issued 550,000 shares of common stock. What was the issue price (market value) if only one stock issuance has occurred? a) $100 per share b) $110 per share c) $10 per share d) $9 per share