A Firm Had Earnings Per Share of $3

question 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

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