Grayson Corporation has 500,000 shares authorized, 421,500 shares issued, and 21,500 shares of treasury stock. At this point, Grayson Corporation has $815,000 of assets, $203,000 of liabilities, $406,000 of common stock, and $206,000 of retained earnings. Further, assume that the market value of the companys common stock is $10 per share.

Required:

Determine the number of shares of stock that is outstanding.

Determine the book value per share.

Determine the number of shares of stock that is outstanding. Determine the book value per share. Note: Round your answer to 2 decimal places