Shown below is information relating to the stockholders' equity of Grant Corporation at December 31, 2009:

6 cumulative preferred stock; $100 par, 10,000 shares authorized, 6,000 shares issued

Common stock, $3 par, 50000 shares authorized, 300,00 shares issued and outstanding

Additional paid-in capital: preferred stock

Additional paid-in capital: common stock

Retained earnings

Dividends have been declared and paid for 2009.

$600,000

$900,000

$60,000

$1,900,000

$1,090,000

The average issue price per share of Grant's preferred stock was: