Hunter Manufacturing Inc.'s December 31, 2012, balance sheet showed total common equity of $2,250,000 and 100,000 shares of stock outstanding. During 2013, Hunter had $500,000 of net income, and it paid out $150,000 as dividends. What was the book value per share at 12/31/13, assuming that Hunter neither issued nor retired any common stock during 2013?

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