The stockholders' equity section of the balance sheet of Caesar Corporation at December 31, 2018 appears as follows: (The company engaged in no treasury stock transactions prior to 2018.) Stockholders' Equity $2 preferred stock, $100 par, 10,000 shares authorized, 8,000 shares issued $800,000 $ 800,000 Common stock, $2 par, 100,000 shares authorized, 75,000 shares issued, 5,000 are held in the treasury 150,000 150,000 Additional Paid-in Capital: From issuance of preferred stock 80,000 From issuance of common stock 225,000 From treasury stock transactions 8,000 From common stock dividends 26,000 Total paid-in capital 1,289,000 Retained earnings ($40,000 equal to cost of treasury stock is not available for dividends) 500,000 1,789,000 Less treasury stock (at cost: 5,000 common shares) (40,000 ) Total Stockholders' equity $ 1,749,000 What was the average issue price per share of preferred stock? Select one: a. $100 b. $110 c. $115 d. $5