Peter Corporation started its operations on January 1, 2020 and has the following information on...
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Peter Corporation started its operations on January 1, 2020 and has the following information on its share capital transactions for the whole year of 2020.
Preference Share Capital, $50 par
$ 500,000
Ordinary Share Capital, $20 par
600,000
Share Premium - Preference
145,000
Share Premium - Ordinary
255,000
How much is the average selling price of the preference shares?
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