The following partial information is taken from the comparative balance sheet of Levi Corporation:
Shareholders' equity |
12/31/2013 |
12/31/2012 |
Common stock, $5 par value; 21 million shares authorized; 16 million shares issued and 11 million shares outstanding at 12/31/2012; and ____million shares issued and ____shares outstanding at 12/31/2013. |
$80 million |
$55 million |
Additional paid-in capital on common stock |
521 million |
397 million |
Retained earnings |
198 million |
158 million |
Treasury common stock, at cost, 5 million shares at 12/31/2013 and 3 million shares at 12/31/2012 |
(73 million)
|
(51 million)
|
Total shareholders' equity |
$726 million
|
$559 million
|
What was the average price (rounded to the nearest dollar) of the additional shares issued by Levi in 2013?