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ABC Co. reported this shareholders' equity on December 31,2020: 6% Preference shares P100 par P1,000,000 Ordinary share capital, P100 par 3,000,000 Retained Earnings 950,000 Dividends

ABC Co. reported this shareholders' equity on December 31,2020: 6% Preference shares P100 par P1,000,000 Ordinary share capital, P100 par 3,000,000 Retained Earnings 950,000 Dividends on preference shares have been paid up to December 31, 2020. IF the preference shares have liquidating value of P105. per share, what is the book value per ordinary share?

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