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

The book value per share of common stock is:

a. $7,90

b. $13.17

c. $9.10

d. $15.17

$ 600,000 6% cumulative preferred stock, $100 par value; authorized, 10,000 shares; issued and outstanding, 6,000 shares Common stock, $3 par value; authorized, 500,000 shares; issued and outstanding, 300,000 shares Additional paid-in capital: preferred stock Additional paid-in capital: common stock Retained earnings $ 900,000 $ 60,000 $ 1,900,000 $ 1,090,000 Dividends have been declared and pald for Year 1