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What was the average issue price per share

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Question - The following data are taken from the stockholders' equity section of the balance sheet of Reynolds Company:

Common Stock, $10 Par Value, 30,000 Shares Authorized, 12,000 Shares Issued and Outstanding $120,000

Additional Paid-in Capital 60,000

Retained Earnings 50,000

What was the average issue price per share of Reynold's common stock?

Reference no: EM132609015

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