Umbrello Plastics Limited reports the following shareholders' equity as at December $31,2024$:

Preferred shares, $$5,$ cumulative, $250,000$ shares authorized,

$80,000$ shares issued...................................................................... $.........$ $$2,400,000$

Common shares, unlimited shares authorized,

$216,000$ shares issued.................................................................... $.........1,050,000$

Retained earnings........................................................................................ $.........6,400,000$

Total shareholders$$ equity.................................................................... $.........$ $$9,850,000$

Instructions

What was the average per share amount for common shares? $($round to two decimal places$)$

a

$$4\mathrm{.}86$

b

$$4\mathrm{.}52$

c

$$4\mathrm{.}28$

d

$$3\mathrm{.}80$