What was the average price (rounded to the nearest dollar) of the additional shares issued by Levi in 2009?
A)$5 per share
B)$26 per share
C)$39 per share
D)Cannot be determined from the given information.Proceeds = Increase in common stock + increase in additional paid-in capital = $30 million + $128 million = $158 million
Average issue price = Proceeds/Number of shares issued
= $158 million/6 million shares = $26.33/share, rounded to $26 per share

Question

Quizplus · Accepted Answer

The average issue price for the additional shares issued by Levi in 2009 was $26 per share. This can be calculated by dividing the total proceeds of $158 million by the total number of shares issued, which was 6 million. Therefore, option B is the correct choice.

What Was the Average Price (Rounded to the Nearest Dollar)