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The following information applles to the questions displayed below.) The stockholders' equity section of Velcro World is presented here. VELCRO WORLD Balance Sheet (partial) (5

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The following information applles to the questions displayed below.) The stockholders' equity section of Velcro World is presented here. VELCRO WORLD Balance Sheet (partial) (5 and shares in thousands) Stockholders' equity: Preferred stock, $1 par value Common stock, $i par value Additional paid-in capital Total paid in capital Retained earnings Treasury stock, 10,000 common shares Total stockholders' equity $ 4,500 15,000 363,000 382,500 273,800 (170,000) $ 485,500 Based on the stockholders' equity section of Velcro World, answer the following questions. Remember that all amounts are presented in thousands 3. If the common shares were issued at $15 per share, at what average price per share were the preferred shares issued? Preferred shares issued price por share

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