The following data has been collected about Keller Company's stockholders' equity accounts: Common stock $10 par value 20,000 sharesauthorized and 10,000 shares issued, 9,000 shares outstanding$100,000Paid-in capital in excess of par value, common stock50,000Retained earnings25,000Treasury stock11,500Assuming the treasury shares were all purchased at the same price, the cost per share of the treasury stock is:
A. $10.00.
B. $1.15.
C. $1.28.
D. $11.50.
E. $10.50.
Answer: D
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