The stockholders’ equity section of Axel Company’s balance sheet follows. The preferred stock’s call price is $30. Determine the book value per share of the common stock.

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Preferred stock-5% cumulative, $10 par value, 10,000 shares authorized, issued and outstanding Common stock-$5 par value, 100,000 shares authorized, 75,000 shares issued and outstanding Retained earnings Total stockholders' equity $100,000 375,000 445,000 $920,000