The following data are taken from the stockholders equity section of the balance sheet of Reynolds Company:

Common Stock, $10 Par Value, 30,000 Shares Authorized, 12,000 Shares Issued and Outstanding	$120,000
Additional Paid-in Capital	60,000
Retained Earnings	50,000

What was the average issue price per share of Reynold's common stock?

$10.00

$4.00

$18.00

$6.00

$15.00