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

Question

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

Contributed capital:
Preferred stock, 8%, 100,000 shares authorized, 50,000 shares issued	$ 2,500,000
Contributed capital in excess of par, Preferred	125,000
Common stock, $10 par, 500,000 shares authorized, 400,000 shares issued	4,000,000
Contributed capital in excess of par, Common	1,200,000
Total contributed 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.