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On November 16,2027,XYZ Company purchased 17,000 shares (representing 12%) of Company C stock for $13 per share. On August 23, 2028, XYZ Company sold 4,200

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On November 16,2027,XYZ Company purchased 17,000 shares (representing 12\%) of Company C stock for $13 per share. On August 23, 2028, XYZ Company sold 4,200 shares of the Company C stock for $19 per share. XYZ Company reported an $54,600 realized gain on the sale of the Company C stock in its 2028 income statement. The market value of the Company C stock at December 31,2028 was $29 per share. XYZ Company sold 3,500 shares of the Company C stock on March 20, 2029 for $33 per share. At December 31, 2029, the market value of the Company C stock was $11 per share. Calculate the market value per share of the Company C stock at December 31, 2027

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