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The shareholders' equity of Ningning Company shows the following balances on 31 December 2014: Ordinary share, P100 par - P3,000,000 Treasury share, 5,000 ordinary shares

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The shareholders' equity of Ningning Company shows the following balances on 31 December 2014: Ordinary share, P100 par - P3,000,000 Treasury share, 5,000 ordinary shares at cost - P400,000 Share Premium - P660,000 Retained Earnings - P1,580,000 What is the book value per share of ordinary shares? (Round answer to the nearest two decimal places)

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