Shown below is information relating to the stockholders' equity of Grant Corporation at December 31, Year 1:

3.0% cumulative preferred stock, $100 par value; authorized, 16,000 shares; issued and outstanding, 8,000 shares	$ 800,000
Common stock, $3 par value; authorized, 320,000 shares; issued and outstanding, 192,000 shares	$ 576,000
Additional paid-in capital: preferred stock	$ 96,000
Additional paid-in capital: common stock	$ 1,400,000
Retained earnings	$ 910,000

Dividends have been declared and paid for Year 1.

The book value per share of common stock is:

Multiple Choice

• $10.29.

• $15.03.

• $15.53.

• $5.00.