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

The following information is related to Towson Company’s fiscal year 2018.
May 5, 2020
On January 1, 2018, Baltimore Company issued $150,000 face value,
May 5, 2020

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

stockholders’ equity of $2,500,000. On FY 2018 year end, Somerset Corporation had Common Stock account of $1,900,000 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 $105. 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.)

 
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