The following information is from the December31, 2018 balance sheet of Millner Corporation. Preferred Stock, $100 par $560,000 Paidminus?In Capital in Excess of Parlong dash—Preferred 43,000 Common Stock, $1 par 190,000 Paidminus?In Capital in Excess of Parlong dash—Common 510,000 Retained Earnings 191,500 Total Stockholders' Equity $1,494,500 What was the average issue price of the common stock shares? (Round your answer to the nearestcent)

A. $1.88

B. $2.68

C. $3.68

D. $1.00

Answer rating: 100% (QA)

Calculation of average issue price of common ... View the full answer