The following information is from the balance sheet of Lawson Corporation as of December 31, 2015. Preferred Stock, $100 par $500,000

Paid-in Capital In Excess of ParPreferred 35,000

Common Stock, $1 par 170,000

Paid-in Capital in Excess of ParCommon 510,000

Retained Earnings 131,500

Total Stockholders' Equity $1,346,500

What was the average issue price of the common stock shares?

$1.90

$3.00

$4.00

$1.00