An analyst does research about book value and gathers the following information from a company's balance sheet (in millions):
Shareholders' equity | $150 |
Preferred stock | $25 |
Total liabilities | $50 |
Issued common shares | 75 |
Repurchased common shares | 20 |
The company's book value per share is closest to:()
A. $1.67
B. $2.27
C. $2.73