A company has the following shareholders’ equity section:
Ordinary shares: par = 2 CU; 250,000
shares authorized; 100,000 shares issued and outstanding …….. 200,000
Share premium …………………………………………………. 30,000
Retained earnings and Reserves ………………………………. 50,000
Net income ……………………………………………………. 20,000
Shareholders’ equity …………………………………………. 300,000
The market price per share is 15 CU. What is the book value per share?
(a) 2
(b) 1.2
(c) 3
(d) 0.8
(e) 15
(f) 2.3
(g) 0.92
(h) None of these