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The following partial information is taken from the comparative balance sheet of Levi Corporation: Shareholders equity 12/31/2018 12/31/2017 Common stock, $5 par; 34 million shares

The following partial information is taken from the comparative balance sheet of Levi Corporation:

Shareholders equity

12/31/2018

12/31/2017

Common stock, $5 par; 34 million shares authorized; 29 million shares issued and 22 million shares outstanding at 12/31/2018; and ____million shares issued and ____shares outstanding at 12/31/2017.

$

145

million

$

110

million

Additional paid-in capital on common stock

521

million

392

million

Retained earnings

194

million

158

million

Treasury common stock, at cost, 7 million shares at 12/31/2018 and 3 million shares at 12/31/2017

(80

million)

(45

million)

Total shareholders equity

$

780

million

$

615

million

What was the average price of the additional treasury shares purchased by Levi during 2018? (Round your answer to 2 decimal places.)

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