80.7k views
4 votes
The Hamilton Brush Company issued 2500 shares of common stock worth 100,000,000 total.What is the par value of each share

User Kibromhft
by
7.9k points

1 Answer

6 votes
The par value of each share is
100,000,000÷2,500
=40,000 per share
User Angela P
by
8.7k points