Book Value per Share

Deer Company has the following amounts in the Stockholders' Equity category of the balance sheet at December 31, 2017:

Preferred Stock, $100 par, 8%, noncumulative (liquidation value of $110 per share)	$100,000
Paid-In Capital-Preferred	55,000
Common Stock, $5 par	390,000
Paid-In Capital-Common	37,000
Retained Earnings	160,000

Required:

Determine the book value per share of the Deer Company stock. Round your answer to the nearest cent. $fill in the blank 1 per share