The following information was taken from Wicom's financial statements as of December 31, 2014.

Preferred stock - 100,000 shares authorized, issued and

outstanding; $10 par value; $11 liquidation value

$1,000,000

Common stock, par value $0.50. Authorized

1,000,000 shares; issued - 460,000 shares

230,000

Capital contributed in excess of par value

4,750,000

Retained earnings

(500,000)

Treasury stock, at cost (50,000 shares)

(500,000)

Total stockholders equity$4,980,000 a. Calculate book value per share of common stockb. Assume that the company also had $1,000,000 worth of convertible bonds. The bonds are convertible at one $1,000 bond into 150 shares of stock. There are also stock options to buy 120,000 shares at a price of $5 per share. The stock is currently trading at $30 per shareRecalculate your answer to part a) taking into account dilutive effects of the above.