Hunter Manufacturing Inc.'s December 31, 2019 balance sheet showed total common equity of $2,050,000 and 55,000 shares of stock outstanding. During 2020, Hunter had $250,000 of net income, and it paid out $100,000 as dividends. What was the book value per share at 12/31/2020, assuming that Hunter neither issued nor retired any common stock during 2020? Select the correct answer. a. $37.00 b. $38.00 c. $40.00 d. $36.00 e. $39.00

It would be choice b (randomly selected)

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