Shep Inc.s Common Shares balance at December 31, 20x4 was $880245 (56949 common shares outstanding). The following transactions took place during the year 20x5: Feb. 15 Issued 15643 common shares for $108906 cash July 30 Retired 6874 common shares for $140006 cash Sept. 1 Declared a 2-for-1 stock split What is the Book Value per common share at the end of the year 20x5?

Select one: a. $6.46 b. $6.81 c. $13.63 d. $12.92