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Business, 05.03.2021 03:20 Elliescott9231

The following partial information is taken from the comparative balance sheet of Levi Corporation: Shareholders’ equity12/31/2021 12/31/2020 Common stock, $5 par; 27 million shares authorized; 22 million shares issued and 19 million shares outstanding at 12/31/2021; and million shares issued and shares outstanding at 12/31/2020.$110million $95million Additional paid-in capital on common stock 527million 394million Retained earnings 204million 164million Treasury common stock, at cost, 3 million shares at 12/31/2021 and 1 million shares at 12/31/2020 (79million) (57million) Total shareholders’ equity$762million $596million What was the average price (rounded to the nearest dollar) of the additional shares issued by Levi in 2021?

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