Refer to the information above. The average issue price per share of the preferred stock was:

Question

Quizplus · Accepted Answer

We can calculate the average issue price per share by taking the total amount raised and dividing it by the total number of shares issued. 
Total amount raised =  $18,000,000 
Total number of shares issued = 100,000 
Average issue price per share = $18,000,000 / 100,000 = $180. Therefore, the answer is choice C.

Refer to the Information Above