The stockholders equity section of Montel Companys balance sheet follows.

Preferred stock5% cumulative, $10 par value,
10,000 shares authorized, issued and outstanding	$	100,000
Common stock$5 par value, 240,000 shares
authorized, 190,000 shares issued and outstanding		946,000
Retained earnings		935,000
Total stockholders' equity	$	1,981,000

Determine the book value per share of the common stock.

Book Value Per Common Share
Choose Numerator:	/	Choose Denominator:	=	Book Value Per Common Share
	/		=	Book Value Per Common Share
	/		=	0