A company has 750 shares of $50 par value preferred stock outstanding, and the call price of its preferred stock is $65 per share. It also has 30,000 shares of common stock outstanding, and the total value of its stockholders' equity is $1,053,750. The company's book value per common share equals:

$33.50.

$35.13.

$34.27.

$32.68.

$33.88.