Book Value per Share Elk Corp. 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 51,500 Common Stock, $5 par 420,000 Paid-In Capital-Common 25,000 Retained Earnings 166,000 Required: Determine the book value per share of the Elk Corp. stock. Round your answer to the nearest cent. $ fill in the blank 1 per share