Help

The stockholders' equity section of Velcro World is presented here. VELCRO WORLD Balance Sheet (partial) (s and shares in thousands) Stockholders' equity: Preferred stack, $1 par value Common stock, $1 par value Additional paid-in capital Total paid-in capital Retained earnings Treasury stock, 10,000 common shares Total stockholders' equity $ 5,300 23.000 728,600 756,900 281,000 (250,000) $ 787,900 Based on the stockholders' equity section of Velcro World, answer the following questions. Remember that all amounts are presented in thousands. Problem 10-4A Part 3 3. If the common shares were issued at $23 per share, at what average price per share were the preferred shares issued? Preferred shares issued price per share