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Type or paste question here Required information (The following information applies to the questions displayed be/ovv.j The stockholders' equity section of Velcro World is presented

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Required information (The following information applies to the questions displayed be/ovv.j The stockholders' equity section of Velcro World is presented here. 262, 2e 278,4e 270,e (140,e) VELCRO WORLD Balance Sheet (partial) and shares in thousands) Stockholders' equity: Preferred stock, $1 par value Common stock, $1 par value Additional paid-in capital Total paid-in capital Retained earnings Treasury stock, I,e connon shares Total stockholders' equity $ 4,2e 12,e $ 408,4e Based on the stockholders' equity section of Velcro World, answer the following questions. Remember that all amounts are presented in thousands. 3. If the common shares were issued at $12 per share, at what average price per share were the preferred shares issued? shares issued per share

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