$$518,000,$ which is $$0\mathrm{.}235$ per share of common stock outstanding. The price$-$earnings ratio for firms similar to Leo's Discount Tire Company is $18\mathrm{.}42.$

a$.$ What price would you expect Leo's Discount Tire Company shares to sell for?

b$.$ What is the book value per share for Leo's shares?

c$.$ What does the market price and book value per share indicate about the firm?

a$.$ What price would you expect Leo's Discount Tire Company shares to sell for?

The market price per share is $$.($Round to the nearest cent.$)$