The following information was drawn from the accounting records of Comcat Company.

Net income available to common stockholders	$ 200,000
Preferred stock outstanding, 10% cumulative	$ 40,000
Market price per share of common stock	$ 10.00
Common stock outstanding	$ 900,000
Retained earnings	$ 300,000
Average number of common shares outstanding	100,000	shares
Number of common shares outstanding at end of the accounting period	120,000	shares
Dividends per share on common stock	$ 0.50	per share

Based on this information, the companys book value per share is

Multiple Choice

$10.00.

$11.60.

$12.00.

$12.40.