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

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

Dividends have been declared and paid for Year 1.

The book value per share of common stock is: