At December 31, the Shareholders Equity section shows: Ordinary Share, P 5 par, value 1,320,000 shares issued P 6,600,000 Share Premium-Ordinary P1,400,000 Retained Earnings P 500,000 Treasury Shares, at cost, 120,000 shares P 700,000 The book value per share of Ordinary Share is:

a. P7.08

b. P5.91

c. P6.44

d. P6.50