The following information was taken from Wicoms statements as of December 31st 2006

Preferred Stock- 100 shares authorized issued and outstanding; $10 par value; $11 liquidation value $1,000,000

Common stock- par value $.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 of (50,000 shares). (500,000)

Total Stockholders equity. $4,980,000

A. Calculate book value per share common stock

B. Assume that the company also had $1,000,000 worth of convertible bonds. The bonds are convertible at one $1,000 into 150 shares of stock. There are also stock options to buy 120,000 share at a price of $5 per share. The stock is currently trading at $30 per share. Recalculate your answer to part A taking into account dilutive effects of the above.