You are given the following information:

Common Stock, $80,000 ($80 par)

Paid-In Capital in Excess of Par ValueCommon Stock, $200,000

Retained Earnings, $0

Assuming that the company only has one class of stock, the book value per share is:

Select one:

a. $680.

b. None of the above.

c. $400.

d. $280.

e. $80.