Step 1: Resistance Calculation
The wire is bent into a circular shape, meaning the total resistance remains \( R \), but the quarter circumference separation implies current flows through two parallel paths each of resistance \( R/4 \).
The equivalent resistance of the parallel paths:
\[
R_{\text{eq}} = \frac{\frac{R}{4} \times \frac{R}{4}}{\frac{R}{4} + \frac{R}{4}}
\]
\[
= \frac{R^2}{16} \times \frac{1}{R/2} = \frac{R}{8}
\]
Step 2: Heat Generated per Second
Using Joule's Law:
\[
P = \frac{E^2}{R_{\text{eq}}}
\]
\[
= \frac{E^2}{R/4} = \frac{E^2}{4R}
\]
Conclusion
Thus, the correct answer is:
\[
\frac{E^2}{4R}
\]