The following is the stockholders' equity section of Harbor Co.'s balance sheet at December 31: Common stock $10 par, 100,000 shares authorized, 50,000 shares issued
of which 5,000 have been reacquired, and are held in treasury | $ 450,000 | Additional paid-in capital common stock | 1,100,000 | Retained earnings | 800,000 | Subtotal | $ 2,350,000 | Less treasury stock | (150,000) | Total stockholders' equity | $ 2,200,000 |
Harbor has insignificant amounts of convertible securities, stock warrants, and stock options. What is the book value per share of Harbor's common stock?
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