Analyzing and Computing Average Issue Price and Treasury Stock Cost Following is the stockholders' equity section from the Campbell Soup Company balance sheet.

Shareholders' Equity (millions, except per share amounts)		August 3, 2008		July 29, 2007
Preferred stock: authorized 40 shares; none issued		$ __		$ __
Capital stock, $0.0375 par value; authorized 560 shares; issued 532 shares		20		20
Additional paid-in capital		337		331
Earnings retained in the business		7,927		7,132
Capital stock in treasury, 186 shares in 2008 and 163 shares in 2007, at cost		(6,812)		(6,015)
Accumulated other comprehensive loss		(136)		(123)
Total shareowners' equity		$1,336		$1,345

Campbell Soup Company also reports the following statement of stockholders' equity.

(Millions, except per share amounts)		Capital Stock								Additional Paid-in Capital		Earnings Retained in the Business		Accumulated Other Comprehensive Income (Loss)		Total Share- owners' Equity
		Issued				In Treasury
		Shares		Amount		Shares		Amount
Balance at July 29, 2007		532		$20		(163)		$(6,015)		$331		$7,132		$(123)		$1,345
Comprehensive income (loss)
Net earnings												1,165				1,165
Foreign currency translation adjustments, net of tax														112		112
Cash-flow hedges, net of tax														11		11
Pension and postretirement benefits, net of tax														(136)		(136)
Other comprehensive loss														(13)		(13)
Total comprehensive income																1,152
Impact on adoption of FIN 48 (Note 10)												(18)				(18)
Dividends ($0.88 per share)												(352)				(352)
Treasury stock purchased						(26)		(903)								(903)
Treasury stock issued under management incentive and stock option plans						3		106		6						112
Balance at August 3, 2008		532		$20		(186)		$(6,812)		$337		$7,927		$(136)		$1,336

(b) At what average price were the Campbell Soup shares issued? (Round your answer to two decimal places.) $ 2