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The following partial information is taken from the comparative balance sheet of Levi Corporation:

-What was the average price of the additional treasury shares purchased by Levi during 2016?
A)$11 per share.
B)$12 per share.
C)$12.50 per share.
D)None of these answer choices is correct.

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Use the following to answer questions 
The following partial information is taken from the comparative balance sheet of Levi Corporation:
 
-What was the average price of the additional treasury shares purchased by Levi during 2016?
A)$11 per share. 
B)$12 per share. 
C)$12.50 per share. 
D)None of these answer choices is correct.

Quizplus · Accepted Answer

Levi purchased 100,000 shares at $11 per share and 100,000 shares at $12 per share, for a total of 200,000 shares at an average price of $11.50 per share.

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