Pressley Industries records the following in its financial statements as of 12-31-2020

8 % cumulative preferred stock, par value $10 and liquidation value $12. 35,000 shares authorized. 10,000 share outstanding $80,000

Common Stock, $1 par value, 100,000 shares authorized, 60,000 shares outstanding.

$60,000

Additional paid-in capital $420,000

Retained earnings $510,000

The book value per share of common stock is: