201k views
0 votes
If the total value of this issue was $50,000.00, what's the par value of each share?

User Yarek
by
8.3k points

1 Answer

6 votes
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)
4. 20 shares * $5. = $100.
5. You sell one share for 49 1/4 and your cost is 41 1/8 +1/8 =41 1/4
Your profit is $8. * 72 =$576. - $32.52 = $543.48

Total investment is 72 * 41 1/8 = $2961.
% of profit: 543.48/2961= x/100, so x = 18.354609%
User Lnu
by
8.5k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories