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The following partial information is taken from the comparative balance sheet of Levi Corporation: Shareholders equity 12/31/2016 12/31/2015 Common stock, $5 par value; 29 million

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

Shareholders equity

12/31/2016

12/31/2015

Common stock, $5 par value; 29 million shares authorized; 24 million shares issued and 19 million shares outstanding at 12/31/2016; and ____million shares issued and ____shares outstanding at 12/31/2015.

$120 million

$95 million

Additional paid-in capital on common stock

529 million

393 million

Retained earnings

206 million

166 million

Treasury common stock, at cost, 5 million shares at 12/31/2016 and 3 million shares at 12/31/2015

(81 million)

(59 million)

Total shareholders equity

$774 million

$595 million

What was the average price (rounded to the nearest dollar) of the additional shares issued by Levi in 2016?

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