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The stockholders equity section of the balance sheet for Velcro World is presented here. VELCRO WORLD Balance Sheet (partial) ($ and shares in thousands) Stockholders'

The stockholders equity section of the balance sheet for Velcro World is presented here.

VELCRO WORLD
Balance Sheet (partial)
($ and shares in thousands)
Stockholders' equity:
Preferred stock, $1 par value $ 6,000
Common stock, $1 par value 30,000
Additional paid-in capital 1,164,000
Total paid-in capital 1,200,000
Retained earnings 288,000
Treasury stock, 11,000 common shares (352,000)
Total stockholders' equity $ 1,136,000

What was the average cost per share of the treasury stock acquired?

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