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

What is the 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

Preferred stock, $50 par value, 5,000 shares authorized, ? shares issued	$275,000
Common stock, ? par, 10,000 shares authorized, 7,000 shares issued	70,000
Additional paid-in capitalPreferred	7,700
Additional paid-in capitalCommon	490,000
Additional paid-in capitalTreasury stock	1,800
Total contributed capital	$844,500
Retained earnings	37,000
Treasury stock, preferred, 200 shares	(6,000)
Total stockholders equity	$ 875500