The following information is from the December 31, 2024 balance sheet of Millner Corporation. Preferred Stock, $100 par $530,000 Paid - In Capital in Excess of Par-Preferred 39.000 Common Stock, $1 par 250,000 Paid - In Capital in Excess of Par-Common 540,000 Retained Earnings 231,500 Total Stockholders' Equity $1,590,500 What was the average issue price of the common stock shares? (Round your answer to the nearest cent) TERE O A. $216 OB. 53 16 OC. $1.00 OD. $1.94