Question $6(1$ point$)$

Burton Inc. has two classes of stock, $6\%$$$100$ par cumulative Preferred Shares and $$2$ par Common Shares. The equity section shows:

Common stock, $$2$ par value, $1,000,000$ shares authorized and $\_\_\_$ shares issued. $q,$ $$610,000$

Paid in capital in excess of par value. $q,$ $$55,000$

At what average price was the common shares issued?

Respond rounded to TWO DECIMALS, without a dollar sign and without commas.