The equity sections for Atticus Group at the beginning of the year (January 1) and end of the year (December 31) follow.

Stockholders Equity (January 1)
Common stock$4 par value, 100,000 shares authorized, 30,000 shares issued and outstanding	$ 120,000
Paid-in capital in excess of par value, common stock	80,000
Retained earnings	340,000
Total stockholders equity	$ 540,000

Stockholders Equity (December 31)
Common stock$4 par value, 100,000 shares authorized, 35,000 shares issued, 5,000 shares in treasury	$ 140,000
Paid-in capital in excess of par value, common stock	120,000
Retained earnings ($30,000 restricted by treasury stock)	420,000
	680,000
Less cost of treasury stock	(30,000)
Total stockholders equity	$ 650,000

The following transactions and events affected its equity during the year.

January 5	Declared a $0.60 per share cash dividend, date of record January 10.
March 20	Purchased treasury stock for cash.
April 5	Declared a $0.60 per share cash dividend, date of record April 10.
July 5	Declared a $0.60 per share cash dividend, date of record July 10.
July 31	Declared a 20% stock dividend when the stocks market value was $12 per share.
August 14	Issued the stock dividend that was declared on July 31.
October 5	Declared a $0.60 per share cash dividend, date of record October 10.

Required information [The following information applies to the questions displayed below.) The equity sections for Atticus Group at the beginning of the year (January 1) and end of the year (December 31) follow. Stockholders' Equity (January 1) Common stock-$4 par value, 100,000 shares authorized, 30,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 120,000 80,000 340,000 $ 540,000 Stockholders' Equity (December 31) Common stock-$4 par value, 100,000 shares authorized, 35,000 shares issued, 5,000 shares in treasury Paid-in capital in excess of par value, common stock Retained earnings ($30,000 restricted by treasury stock) $ 140,000 120,000 420,000 680,000 (30,000) $ 650,000 Less cost of treasury stock Total stockholders' equity The following transactions and events affected its equity during the year. January 5 Declared a $0.60 per share cash dividend, date of record January 10. March 20 Purchased treasury stock for cash. April 5 Declared a $0.60 per share cash dividend, date of record April 10. July 5 Declared a $0.60 per share cash dividend, date of record July 10. July 31 Declared a 20% stock dividend when the stock's market value was $12 per share. August 14 Issued the stock dividend that was declared on July 31. October 5 Declared a $0.60 per share cash dividend, date of record October 10. 4. What is the per share cost of the treasury stock purchased? (Round your answer to 2 decimal places.) Cost per share