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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 Cortin ($ and shares in thousands) Stockholders equity Preferred stock, 51 par value $ 4,200 Common stock, 51 par value 12,000 Additional paid in capital 262,200 Total paid in capital 278,400 Retained earnings 270,000 Treasury stock, 10,000 conmon shares (140,000) Total stockholders' equity $408,400 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 cout por share

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