At fiscal year end, December 31, 2018, Somerset Corporation had total

stockholders’ equity of $2,900,000. On FY 2018 year end, Somerset Corporation had Common Stock account of $1,650,000 of $10 par value common stock and Preferred Stock account of $150,000 of $100 par value.  There was no treasury stock. The preferred stock was noncumulative and had a call price of $103.  Use this information to determine the book value per share of Common Stock as of end of the FY 2018: (Round your answer to the nearest penny.)