Book Value per Share Deer Company has the following amounts in the Stockholders’ Equity category of the balance sheet at December 31, 2010:

Preferred Stock, $100 par, 8%, noncumulative

(liquidation value of $110 per share) $100,000 Paid-In Capital—Preferred 50,000 Common Stock, $5 par 400,000 Paid-In Capital—Common 40,000 Retained Earnings 200,000 Required Determine the book value per share of the Deer Company stock.

AppendixLO1