E6.2. P/E Ratios for a Savings Account (Easy) Suppose you own a savings account that earned $10 over the past year. Your only transac tion in the account has been to withdraw $3 on the last day of this 12-month period. The account bears an interest rate of 4 percent per year.

a. What is the value of the account after the $3 withdrawal?

b. What is the trailing P/E and forward P/E for this account?