The BB corporations has one issue of preferred stock and one issue of common stock outstanding. given the BB stockholder's equity that follows, Evaluate the original price per share that the firm sold its single issue of common stock.

Preferred stock $ 300

Common stock (.50 par, 500,000 shares outstanding) 250

paid in capital in excess of par on common stock 5,000

retained earnings 1,800

Total stockholder's equity $7,350