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Djarleen Company has 10,000 shares of $10 par preferred stock. It also has 250,000 shares of common stock outstanding, and its total stockholders' equity equals

Djarleen Company has 10,000 shares of $10 par preferred stock. It also has 250,000 shares of common stock outstanding, and its total stockholders' equity equals $4,000,000. The book value per common share is:

a. $16.67.

b. $16.00.

c. $40.00.

d. $15.60.

e. $10.00.

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