The Formula for Computing Book Value Per Share of Common

The formula for computing book value per share of common stock is

A) market price per share of common stock/earning per share.
B) annual dividend per share of common stock/market price per share of common stock.
C) (net income - preferred dividends) /number of shares of common stock outstanding.
D) (yotal stockholders' equity - preferred equity) /number of shares of common stock outstanding.