Linzey Corporation has provided the following data: Year 2Year 1Common stock, $2 par value$120,000 $120,000 Retained earnings$747,000 $720,000 Total stockholders' equity$927,000 $900,000 The company's net income in Year 2 was $33,000. The company's book value per share at the end of Year 2 is closest to:
A. $12.45 per share
B. $0.55 per share
C. $22.45 per share
D. $15.45 per share
Answer: D
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