A corporation reports the following year-end stockholders equity Paid-in capital Preferred stock

Question

A corporation reports the following year-end stockholders' equity:

Paid-in capital:
Preferred stock, 8%, 100,000 shares authorized, 50,000 shares issued .	$ 2,500,000
Paid-in capital in excess of par, Preferred..	125,000
Common stock, $10 par, 500,000 shares Authorized, 400,000 shares issued ..	4,000,000
Paid-in capital in excess of par, Common ..	1,200,000
Total paid-in capital ..	$ 7,825,000
Retained earnings ..	10,775,000
Total stockholders' equity .	$18,600,000

Determine the following:
(1) Par value for the preferred stock.
(2) Book value per share for both preferred stock and common stock assuming a call price per share of $52 for preferred and no dividends in arrears.