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Initial sale price of common stock Haymitch Brewing Corporation has one issue of preferred stock and one issue of common stock outstanding. Given Haymitch's stockholders'
Initial sale price of common stock Haymitch Brewing Corporation has one issue of preferred stock and one issue of common stock outstanding. Given Haymitch's stockholders' equity account that follows, determine the original price per share at which the firm sold its single issue of common stock. Stockholders' Equity (5000) Preferred stock Common stock (50.56 par, 403,000 shares outstanding) Paid-in capital in excess of par on common stock Retained earnings Total stockholders' equity $228 226 2,599 808 53,861 The original price per share is s(Round to the nearest cent)
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