TB MC Qu. 18-75 (Algo) The following partial information...

The following partial information is taken from the comparative balance sheet of Levi Corporation:

Shareholders equity	12/31/2021				12/31/2020
Common stock, $5 par; 29 million shares authorized; 24 million shares issued and 19 million shares outstanding at 12/31/2021; and ____million shares issued and ____shares outstanding at 12/31/2020.	$	120	million		$	95	million
Additional paid-in capital on common stock		529	million			393	million
Retained earnings		206	million			166	million
Treasury common stock, at cost, 5 million shares at 12/31/2021 and 3 million shares at 12/31/2020		(81	million)			(59	million)
Total shareholders equity	$	774	million		$	595	million

What was the average price (rounded to the nearest dollar) of the additional shares issued by Levi in 2021?

Multiple Choice

• $5 per share.

• $32 per share.

• $45 per share.

• Cannot be determined from the given information.