Dexter Corporation Has Total Paid-In Capital of $160,000 and Retained

Dexter Corporation has total paid-in capital of $160,000 and retained earnings of $60,000.It has 1,500 shares of $10 preferred stock with no dividends in arrears and 2,000 shares of $10 par value common stock.The book value of each share of common stock is:

A) $10.
B) $7.50.
C) $102.50.
D) $88.00.