Prairie Charters reported the following information at December 31, 2016: Common stock, $1 par, 500,000 shares authorized, 100,000 shares issued $100,000 Additional paid-in capital—Common 25,000 Retained earnings 75,000 Total stockholders' equity $250,000 The average recorded value per share of common stock at December 31, 2016, is
a. $1.00
b. $1.75
c. $1.25
d. $2.50
c
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