The Stockholders' Equity section of the December 31, 2017, balance sheet of Eldon Company appeared as follows:

Preferred stock, $30 par value, 5,000 shares authorized, ? shares issued	$120,000
Common stock, ? par, 10,000 shares authorized, 8,000 shares issued	80,000
Additional paid-in capitalPreferred	6,400
Additional paid-in capitalCommon	480,000
Additional paid-in capitalTreasury stock	1,800
Total contributed capital	$688,200
Retained earnings	50,000
Treasury stock, preferred, 200 shares	(6,200)
Total stockholders equity	$ ?

Required: Determine the following items based on Eldon's balance sheet. Round all calculations except per-share amounts to the nearest whole number; round per-share amounts to the nearest cent.

What is the he per-share book value of the common stock assuming that there are no dividends in arrears and that the preferred stock can be redeemed at its par value