View Policies Current Attempt in Progress At December 31, Ivanhoe Corporation has total stockholders' equity of $3,800,000. Included in this total are preferred stock $750,000 and paid-in capital in excess of par-preferred stock $42,100. There are 15,000 shares of $50 par value, 8% cumulative preferred stock outstanding. At year-end, 250,000 shares of common stock are outstanding Compute the book value per share of common stock under each of the following assumptions. (Round answers to 2 decimal places, eg. 15.25.) (a) There are no preferred dividends in arrears, and the preferred stock does not have a call price. (b) Preferred dividends are one year in arrears, and the preferred stock has a call price of $60 per share. (a) (b) Book value per share $