Exercise 11-26 * Your answer is incorrect. Try again. At December 31, Pharoah Company has total stockholders' equity of $3,360,000. Included in this total are preferred stock $496,000 and paid-in capital in excess of par-preferred stock $49,200. There are 8,600 shares of $50 par value, 8% cumulative preferred stock outstanding. At year-end, 186,000 shares of common stock are outstanding. Compute the book value per share of common stock under each of the following assumptions. (Round answers to 2 decimal places, e.g. 15.25.) (a) (b) There are no preferred dividends in arrears, and the preferred stock does not have a call price. Preferred dividends are one year in arrears, and the preferred stock has a call price of $54 per share. (a) (b) Book value per share 15.143 12.36