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Required information (The following information applies to the questions displayed below.) The stockholders' equity section of Velcro World is presented here. VELCRO WORLD Balance sheet

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Required information (The following information applies to the questions displayed below.) The stockholders' equity section of Velcro World is presented here. VELCRO WORLD Balance sheet (partial) ($ and shares in thousands) Stockholders equity Preferred stock, $1 par value $ 5,700 Common stock, $1 par value 27,000 Additional paid-in capital 964,200 Total paid-in capital 996,900 Retained earnings 285,000 Treasury stock, 11,000 common shares 319,000) Total stockholders' equity $ 962,900 Based on the stockholders' equity section of Velcro World, answer the following questions, Remember that all amounts are presented in thousands. 5. What was the average cost per share of the treasury stock acquired? Average cost per share

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