Maple Corporation's stockholders' equity at June 30, 2000, consisted of the following:
Preferred stock, 10%, $50 par value; liquidating value, $55 per share; 20,000 shares issued and outstanding $1,000,000 Common stock, $10 par value; 500,000 shares authorized; 150,000 shares issued and outstanding 1,500,000 Retained earnings 500,000.
Required. Answer the following multiple-choice question. The book value per share of common stock is:
1. $10.00
2. $12.67
3. $13.33
4. $17.65