The following information is from the balance sheet of Tudor Corporation as of December 31, 2010.

Preferred stock, $100 par $ 500,000
Paid-in capital in excess of par - preferred 35,000
Common stock, $1 par 190,000
Paid-in capital in excess of par - common 380,000
Retained earnings 131,500
Total stockholders' equity $1,236,500

Preferred stock, $100 par

What was the average issue price of the common stock shares?

a. $1.00

b. The average price cannot be determined from the information given.

c. $1.90

d. $3.00