Following is the Stockholders' Equity section of a recent Balance Sheet of XYZ Company.

Stockholders' Equity:

Common Stock, $10 par value, authorized shares, --- 1,000,000, issued shares --- 800,000 shares $8,000,000

Capital in Excess of Par $32,000,000

Retained Earnings $1,000,000

Common Stock in Treasury, at cost ---- 100,000 shares ($5,000,000)

Total Stockholders' Equity $36,000.000

a) What was the average issue price for the Common Shares issued?

b) How many Common Shares are outstanding at the end of the year?

c) What was the average cost at which the Treasury Stock was purchased?

d) Can you determine the current Market Value of the Common Stock from the above Balance Sheet?