[The following information applies to the questions displayed below.]

The stockholders equity section of Velcro World is presented here.

VELCRO WORLD
Balance Sheet (partial)
($ and shares in thousands)
Stockholders' equity:
Preferred stock, $1 par value	$	5,400
Common stock, $1 par value		24,000
Additional paid-in capital		784,200
Total paid-in capital		813,600
Retained earnings		282,000
Treasury stock, 11,000 common shares		(286,000	)
Total stockholders' equity	$	809,600

Based on the stockholders' equity section of Velcro World, answer the following questions. Remember that all amounts are presented in thousands.

5. What was the average cost per share of the treasury stock acquired?