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The stockholders' equity account balances of Kay Corporation for 2020 are given below: January 1 December 31 Common stock ($12 par, 54,000 shares outstanding) ............

The stockholders' equity account balances of Kay Corporation for 2020 are given below: January 1 December 31 Common stock ($12 par, 54,000 shares outstanding) ............ 1/1: 648,000 12/31: 720,000 Paid-in capital  common stock ............................... 1/1:540,000 12/31: 582,000 Treasury stock (10,000 shares at a cost of $16 per share) .... 1/1: 160,000 12/31: 33,600 Paid-in capital  treasury stock ............................. 1/1: 4,000 12/31:18,000 Retained earnings ............................................ 1/1: 425,000 12/31: 469,745 During 2020, Kay Corporation entered into the following transactions: March 23 Re-issued 2,500 of the treasury shares for $14 per share June 9 Re-issued 3,800 of the treasury shares for $22 per share August 15 Issued 6,000 shares of previously un-issued common stock November 2 Re-issued 1,600 of the treasury shares December 18 Declared and paid a dividend on the outstanding shares of common stock Kay Corporation reported a net income of $280,000 for 2020. 
Calculate the dollar amount per share received from the re-issue of the treasury stock on November 2. Do not use decimals in your answer or type the words per share after your answer. 
 

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