The Shareholders' Equity Section of the Balance Sheet for Vivitas

Multiple Choice

The shareholders' equity section of the balance sheet for Vivitas Stevia Corporation is shown below: Share capital:
Preferred shares,10,000 shares authorized,
7,000 shares issued of $3.50 preferred,
Common shares,50,000 shares authorized,
Assume there are 2 years' dividends in arrears on the preferred shares,including the current year.the book value per share for Vivitas Stevia common shares is:

A) $21.61
B) $25.50
C) $26.47
D) $26.67