The company's book value per share at the end of Year 2 is closest to:

A) $0.38 per share
B) $8.18 per share
C) $18.08 per share
D) $13.93 per share

Book value per share = Common stockholders' equity ÷ Number of common shares outstanding*
= $1,114,000 ÷ 80,000 shares = $13.93 per share (rounded)
*Number of common shares outstanding = Common stock ÷ Par value
= $400,000 ÷ $5 per share = 80,000 shares
Reference: CH14-Ref27
Symons Corporation has provided the following financial data: Dividends on common stock during Year 2 totaled $2,500.The market price of common stock at the end of Year 2 was $2.01 per share.