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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; 22 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; 22 million shares authorized; 17 million shares issued and 13 million shares outstanding at 12/31/2018; and ____million shares issued and ____shares outstanding at 12/31/2017. | $ | 85 | million | $ | 65 | million | ||
Additional paid-in capital on common stock | 522 | million | 396 | million | ||||
Retained earnings | 199 | million | 159 | million | ||||
Treasury common stock, at cost, 4 million shares at 12/31/2018 and 2 million shares at 12/31/2017 | (74 | million) | (52 | million) | ||||
Total shareholders equity | $ | 732 | million | $ | 568 | million | ||
What was the average price (rounded to the nearest dollar) of the additional shares issued by Levi in 2018?
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