Please answer the given financial question based on the context.
Context: part ii item 5 . market for registrant 2019s common equity and related stockholder matters recent sales of unregistered securities during the fourth quarter of 2003 , aes issued an aggregated of 20.2 million shares of its common stock in exchange for $ 20 million aggregate principal amount of its senior notes . the shares were issued without registration in reliance upon section 3 ( a ) ( 9 ) under the securities act of 1933 . market information our common stock is currently traded on the new york stock exchange ( 2018 2018nyse 2019 2019 ) under the symbol 2018 2018aes . 2019 2019 the following tables set forth the high and low sale prices for our common stock as reported by the nyse for the periods indicated . price range of common stock .
|2003 first quarter|high $ 4.04|low $ 2.72|2002 first quarter|high $ 17.84|low $ 4.11|
|second quarter|8.37|3.75|second quarter|9.17|3.55|
|third quarter|7.70|5.91|third quarter|4.61|1.56|
|fourth quarter|9.50|7.57|fourth quarter|3.57|0.95|
holders as of march 3 , 2004 , there were 9026 record holders of our common stock , par value $ 0.01 per share . dividends under the terms of our senior secured credit facilities , which we entered into with a commercial bank syndicate , we are not allowed to pay cash dividends . in addition , under the terms of a guaranty we provided to the utility customer in connection with the aes thames project , we are precluded from paying cash dividends on our common stock if we do not meet certain net worth and liquidity tests . our project subsidiaries 2019 ability to declare and pay cash dividends to us is subject to certain limitations contained in the project loans , governmental provisions and other agreements that our project subsidiaries are subject to . see item 12 ( d ) of this form 10-k for information regarding securities authorized for issuance under equity compensation plans. .
Question: in q1 2003 , what was the average of the high and low stock price?


Answer: The answer is:3.38