Andover Bank Is Planning to Purchase Berkley Bank

Andover Bank is planning to purchase Berkley Bank.The current market value of Andover's stock is $55 per share while that of Berkley's stock is $15 per share.Andover plans to pay Berkley's stockholders a $5 bonus per share.Currently,Andover has 100,000 shares outstanding and earnings per share of $12,while Berkley has 50,000 shares outstanding and earnings per share of $5.What is the exchange ratio for this transaction?

A) 3:11
B) 4:3
C) 5:2
D) 4:11
E) None of the options is correct