Guynn Corporation's Most Recent Balance Sheet and Income Statement Appear

Multiple Choice

Guynn Corporation's most recent balance sheet and income statement appear below: Dividends on common stock during Year 2 totaled $10 thousand. Dividends on preferred stock totaled $5 thousand. The market price of common stock at the end of Year 2 was $7.05 per share.
-The book value per share at the end of Year 2 is closest to:

A) $8.70
B) $0.50
C) $7.70
D) $14.30