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The following partial information is taken from the comparative balance sheet of Levi Corporation: Shareholders equity 12/31/2021 12/31/2020 Common stock, $5 par; 33 million shares
The following partial information is taken from the comparative balance sheet of Levi Corporation:
Shareholders equity | 12/31/2021 | 12/31/2020 | ||||||
Common stock, $5 par; 33 million shares authorized; 28 million shares issued and 23 million shares outstanding at 12/31/2021; and ____million shares issued and ____shares outstanding at 12/31/2020. | $ | 140 | million | $ | 115 | million | ||
Additional paid-in capital on common stock | 520 | million | 403 | million | ||||
Retained earnings | 195 | million | 157 | million | ||||
Treasury common stock, at cost, 5 million shares at 12/31/2021 and 2 million shares at 12/31/2020 | (79 | million) | (46 | million) | ||||
Total shareholders equity | $ | 776 | million | $ | 629 | million | ||
What was the average price of the additional treasury shares purchased by Levi during 2021? (Round your answer to 2 decimal places.)
Choices are
23 per share
15.80 per share
None of he choices are correct
11.00 per share
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