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14 July, 15:40

The Buzz tool company issued 1000shares of common stock. I the total value of this issue was $50000.00, what is the par value of each share

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  1. 14 July, 15:54
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    1. $50,000. divided by 1000 shares = $50. per share

    2. The market price is 49 1/4, or $49.25

    3. It is selling par. (Par = $50, selling$49.25)
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