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The following partial information is taken from the comparative balance sheet of Levi Corporation: Shareholders equity 12/31/2024 12/31/2023 Common stock, $5 par; 36 million shares

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

Shareholders equity 12/31/2024 12/31/2023
Common stock, $5 par; 36 million shares authorized; 31 million shares issued and 25 million shares outstanding at 12/31/2024; and _____________blank million shares issued and _____________blank shares outstanding at 12/31/2023. $ 155 million $ 125 million
Additional paid-in capital on common stock 523 million 401 million
Retained earnings 192 million 160 million
Treasury common stock, at cost, 6 million shares at 12/31/2024 and 4 million shares at 12/31/2023 (67 million) (45 million)
Total shareholders equity $ 803 million $ 641 million

What was the average price (rounded to the nearest dollar) of the additional shares issued by Levi in 2024?

Multiple Choice $5 per share $25 per share $38 per share Cannot be determined from the given information

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