Patterson Research has 2,000 shares of 10%, $5 par value, preferred stock with a redemption price of $13 per share, and 10,000 shares of $10 par value common stock outstanding. Total paid-in capital is $102,000, and retained earnings are $22,000. There are one-year dividends in arrears on preferred stock. The book value per share on common stock is:

Group of answer choices

$10.00.

$8.93.

$9.70.

$14.25.