Hunter Manufacturing Inc.'s December 31,2011,balance sheet showed total common equity of $2,050,000 and 100,000 shares of stock outstanding.During 2012,Hunter had $250,000 of net income,and it paid out $100,000 as dividends.What was the book value per share at 12/31/12,assuming that Hunter neither issued nor retired any common stock during 2009?

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The Answer of Hunter Manufacturing Inc.'s December 31,2011,balance sheet showed total common equity of $2,050,000 and 100,000 shares of stock outstanding.During 2012,Hunter had $250,000 of net income,and it paid out $100,000 as dividends.What was the book value per share at 12/31/12,assuming that Hunter neither issued nor retired any common stock during 2009?