Question: $ 5 1 8 , 0 0 0 , which is $ 0 . 2 3 5 per share of common stock outstanding. The price

$518,000, which is $0.235 per share of common stock outstanding. The price-earnings ratio for firms similar to Leo's Discount Tire Company is 18.42.
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 $4.33.(Round to the nearest cent.)
b. What is the book value per share for Leo's shares?
The book value per share is $ (Round to the nearest cent.)
$518,000, which is $0.235 per share of common stock outstanding. The

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