Consider the following data for New York Bankcorp:

Net income was $2.8 million for 20X2. The preferred stock is 10%, cumulative. The par value of the preferred stock is also its liquidation value. The regular annual dividend on the preferred stock was declared and paid and the common shareholders received dividends of $.20 per share. The market price of the common stock on December 31, 20X2, was $13.20 per share.
Compute the following statistics for 20X2: rate of return on common equity, earnings per share of common stock, price-earnings ratio, dividend-payout ratio, dividend-yield ratio, and book value per share of common stock.

December 31 20X2 20X1 Stockholders' equity 4,000,000 8,000,000 5,000,000 4,000,000 8,000,000 5,000,000 Preferred stock, 200,000 shares, $20 par Common stock, 4,000,000 shares, $2 par Additional paid-in capital Retained income Total stockholders' equity 000,000 1400,000 $18,400,000 $20,000,000