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The following partial information is taken from the comparative balance sheet of Levi Corporation: Shareholders equity 12/31/2013 12/31/2012 Common stock, $5 par value; 21 million

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

Shareholders equity 12/31/2013 12/31/2012
Common stock, $5 par value; 21 million shares authorized; 16 million shares issued and 11 million shares outstanding at 12/31/2012; and ____million shares issued and ____shares outstanding at 12/31/2013. $80 million $55 million
Additional paid-in capital on common stock 521 million 397 million
Retained earnings 198 million 158 million
Treasury common stock, at cost, 5 million shares at 12/31/2013 and 3 million shares at 12/31/2012

(73 million)

(51 million)

Total shareholders equity

$726 million

$559 million

What was the average price (rounded to the nearest dollar) of the additional shares issued by Levi in 2013?

rev: 08_09_2013_QC_33612

Cannot be determined from the given information.
$5 per share
$43 per share
$30 per share

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