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The following data has been collected about a company's stockholders' equity accounts: Common Stock, $10 Par Value, 20,000 shares authorized, $100,000 10,000 shares issued, 1,500

The following data has been collected about a company's stockholders' equity accounts:

Common Stock, $10 Par Value, 20,000 shares authorized, $100,000
10,000 shares issued, 1,500 shares in treasury
Contributed Capital in Excess of Par Value-Common Stock 50,000
Retained Earnings 25,000
Treasury Stock, 1,500 shares (12,000)

How much per share did the company pay for the Treasury Stock?

$6.00

$8.00

$10.00

$12.00

$17.50

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