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Permyakova Inc.s Balance Sheet had the following line items: Shareholders Equity 12/31/2012 12/31/2011 Common Stock, par value $1 per share $300,000 $300,000 (Shares Issued: 300,000
Permyakova Inc.s Balance Sheet had the following line items:
Shareholders Equity | 12/31/2012 | 12/31/2011 | ||
Common Stock, par value $1 per share | $300,000 | $300,000 | ||
(Shares Issued: 300,000 in 2012 and 300,000 in 2011; | ||||
Shares Outstanding: 250,000 in 2012 and 220,000 in 2011) | ||||
Additional Paid in Capital | $1,750,500 | $1,750,500 | ||
Retained Earnings | $10,321,123 | $8,675,309 | ||
Treasury Stock | $(550,000) | $(800,000) | ||
Total | $11,821,623 | $9,925,809 |
What was the average price per share paid by Permyakova to acquire all of the treasury shares held as of December 31, 2012?
$11.00
$10.00
$10.50
$10.38
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