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Peter Corporation started its operations on January 1, 2020 and has the following information on its share capital transactions for the whole year of 2020.
Peter Corporation started its operations on January 1, 2020 and has the following information on its share capital transactions for the whole year of 2020.
| Preference Share Capital, $50 par | $ 500,000 |
| Ordinary Share Capital, $20 par | 600,000 |
| Share Premium - Preference | 145,000 |
| Share Premium - Ordinary | 255,000 |
How much is the average selling price of the preference shares?
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