and machine tooling to enhance manufacturing operations , and ongoing replacements of manufacturing and distribution equipment . capital spending in all three years also included spending for the replacement and enhancement of the company 2019s global enterprise resource planning ( erp ) management information systems , as well as spending to enhance the company 2019s corporate headquarters and research and development facilities in kenosha , wisconsin . snap-on believes that its cash generated from operations , as well as its available cash on hand and funds available from its credit facilities will be sufficient to fund the company 2019s capital expenditure requirements in 2013 . in 2010 , snap-on acquired the remaining 40% ( 40 % ) interest in snap-on asia manufacturing ( zhejiang ) co. , ltd. , the company 2019s tool manufacturing operation in xiaoshan , china , for a purchase price of $ 7.7 million and $ 0.1 million of transaction costs ; snap-on acquired the initial 60% ( 60 % ) interest in 2008 . see note 2 to the consolidated financial statements for additional information . financing activities net cash used by financing activities was $ 127.0 million in 2012 . net cash used by financing activities of $ 293.7 million in 2011 included the august 2011 repayment of $ 200 million of unsecured 6.25% ( 6.25 % ) notes upon maturity with available cash . in december 2010 , snap-on sold $ 250 million of unsecured 4.25% ( 4.25 % ) long-term notes at a discount ; snap-on is using , and has used , the $ 247.7 million of proceeds from the sale of these notes , net of $ 1.6 million of transaction costs , for general corporate purposes , which included working capital , capital expenditures , repayment of all or a portion of the company 2019s $ 200 million , 6.25% ( 6.25 % ) unsecured notes that matured in august 2011 , and the financing of finance and contract receivables , primarily related to soc . in january 2010 , snap-on repaid $ 150 million of unsecured floating rate debt upon maturity with available cash . proceeds from stock purchase and option plan exercises totaled $ 46.8 million in 2012 , $ 25.7 million in 2011 and $ 23.7 million in 2010 . snap-on has undertaken stock repurchases from time to time to offset dilution created by shares issued for employee and franchisee stock purchase plans , stock options and other corporate purposes . in 2012 , snap-on repurchased 1180000 shares of its common stock for $ 78.1 million under its previously announced share repurchase programs . as of 2012 year end , snap-on had remaining availability to repurchase up to an additional $ 180.9 million in common stock pursuant to its board of directors 2019 ( the 201cboard 201d ) authorizations . the purchase of snap-on common stock is at the company 2019s discretion , subject to prevailing financial and market conditions . snap-on repurchased 628000 shares of its common stock for $ 37.4 million in 2011 ; snap-on repurchased 152000 shares of its common stock for $ 8.7 million in 2010 . snap-on believes that its cash generated from operations , available cash on hand , and funds available from its credit facilities , will be sufficient to fund the company 2019s share repurchases , if any , in 2013 . snap-on has paid consecutive quarterly cash dividends , without interruption or reduction , since 1939 . cash dividends paid in 2012 , 2011 and 2010 totaled $ 81.5 million , $ 76.7 million and $ 71.3 million , respectively . on november 1 , 2012 , the company announced that its board increased the quarterly cash dividend by 11.8% ( 11.8 % ) to $ 0.38 per share ( $ 1.52 per share per year ) . quarterly dividends declared in 2012 were $ 0.38 per share in the fourth quarter and $ 0.34 per share in the first three quarters ( $ 1.40 per share for the year ) . quarterly dividends in 2011 were $ 0.34 per share in the fourth quarter and $ 0.32 per share in the first three quarters ( $ 1.30 per share for the year ) . quarterly dividends in 2010 were $ 0.32 per share in the fourth quarter and $ 0.30 per share in the first three quarters ( $ 1.22 per share for the year ) . .

Table: 2012 2011 2010 cash dividends paid per common share $ 1.40 $ 1.30 $ 1.22 cash dividends paid as a percent of prior-year retained earnings 4.4% ( 4.4 % ) 4.7% ( 4.7 % ) 4.7% ( 4.7 % )

cash dividends paid as a percent of prior-year retained earnings 4.4% ( 4.4 % ) 4.7% ( 4.7 % ) snap-on believes that its cash generated from operations , available cash on hand and funds available from its credit facilities will be sufficient to pay dividends in 2013 . off-balance-sheet arrangements except as included below in the section labeled 201ccontractual obligations and commitments 201d and note 15 to the consolidated financial statements , the company had no off-balance-sheet arrangements as of 2012 year end . 2012 annual report 47 .

Question: what is the average repurchase price per share in 2011?
Answer: 59.55
Calculation: divide(subtract(37.4, const_1000000), 628000)