The BB Corporation has one issue of preferred stock and one issue of common stock outstanding. Given the BB stockholder's equity that follows, calculate the original price per share that the firm sold its single issue of common stock.
Preferred stock ....................$300
Common stock (.50 par, 500,000 shares outstanding) .....$250
Paid in capital in excess of par on common stock ........$5,000
Retained earnings ...................$1,800
Total stockholder's equity ................$7,350