Preferred Stock, $100 par	$300,000
Paid in Capital in Excess of Par - Preferred	17,000
Common Stock, $1 par	76,000
Paid in Capital in Excess of Par - Common	203,000
Retained Earnings	55,600
Total Stockholders' Equity	$651,600

What is the average issue price of the preferred stock shares? (Round answers to the nearest dollar.)

A.$106

B.$105

C.$159

D.$100