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Question 6 (1 point) Burton Inc. has two classes of stock, 3% $100 par cumulative Preferred Shares and $4 par Common Shares. The equity section

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Question 6 (1 point) Burton Inc. has two classes of stock, 3% $100 par cumulative Preferred Shares and $4 par Common Shares. The equity section shows: Common stock, $4 par value, 1,000,000 shares authorized and ?___shares issued................$480,000 Paid in capital in excess of par value............ ............$278,000 At what average price was the common shares issued? Respond rounded to TWO DECIMALS, without a dollar sign and without commas. Your

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