Athens, Inc., has 9,000 shares of common stock outstanding and the following data has been collected: Common stock, $10 par value, 20,000 shares authorized and 10,000 issued..........$100,000 Contributed capital in excess of pay value, common stock.... $50,000 Retained earnings........$25,000 Treasury stock...........411,500 The cost per share of the treasury stock is: A $1.15 B $11.50 C $1.28 D $10.50 Solution Ans B $ 11.50 .