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Shareholders' Equity: Common Stock, $2 par value, 1,000,000 authorized, 50,000 shares issued $100,000 Additional Paid-in Capital 490,000 Retained Earnings 20,000 Assuming all of the

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Shareholders' Equity: Common Stock, $2 par value, 1,000,000 authorized, 50,000 shares issued $100,000 Additional Paid-in Capital 490,000 Retained Earnings 20,000 Assuming all of the shares were sold at the same time, at what price was each share sold? Round your answer to the nearest whole penny.

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