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Peter Corporation started its operations on January 1, 2020 and has the following information on...

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Accounting

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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