Use the following information to answer SIX questions;

The following are earnings and dividend forecasts made at the end of 2012 for a firm with $20.00 book value per common share at that time. The firm has a required equity return of 9% percent per year.

	2012	2013	2014	2015
EPS		2.00	2.60	2.83
DPS		0.25	0.3	0.35

Question 2: What is Book value per share in 2014?

Select one:

A.

20

B.

21.75

C.

24.05

D.

26.53