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Initial sale price of common stock Hudson-Perry Recordings Inc has one issue of preferred stock and one issue of common stock outstanding. Given their stockholders'

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Initial sale price of common stock Hudson-Perry Recordings Inc has one issue of preferred stock and one issue of common stock outstanding. Given their stockholders' equity account that follows, determine the original price per share at which the firm sold its single issue of common stock. Stockholders' Equity ($000) Preferred stock $224 Common stock ($0.13 par, 1,401,000 shares outstanding) 182 Paid-in capital in excess of par on common stock 19,457 Retained earnings 1,792 Total stockholders' equity $21,655 The original price per share is $ (Round to the nearest cent.)

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