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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) (s and shares in thousands) Stockholders' equity: Preferred stock, si par value Common stock, $1 par value Additional paid-in capital Total paid-in capital Retained earnings Treasury stock, 11,000 common shares Total stockholders' equity 5, 100 21,000 624,000 650, 100 279, 800 (253,000) $ 676, 100 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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