A Firm Had Earnings Per Share of $3

Multiple Choice

A firm had earnings per share of $3.25 for the year.The book value per share at the beginning of the year was $13.If the firm paid out $.975 in dividends per share at the end of the year,how much will the book value per share be at the end of the year?

A) $16.25
B) $13.975
C) $15.275
D) $4.225
E) $12.025