Which of the following best describes the book value of a share of stock?

Select one:

a$.$ The amount at which the stock would sell on the market if sold by a willing and informed seller to a willing and informed buyer.

b$.$ Net assets divided by the number of shares outstanding.

c$.$ Total stockholders' equity divided by the number of shares authorized.

d$.$ Total assets of the company, as reported in the accounting records, divided by the number of shares of stock outstanding.