Final answer:
The statement that does not affect the price at which a stock can be sold is how high the par value is. The price is instead influenced by business and economic conditions, financial health and past performance of the corporation, and investor expectations.
Step-by-step explanation:
The price at which a stock can be sold depends on several factors, but not every factor listed is influential. The statement that is not one of those factors is how high the par value is. Par value is a nominal value assigned to a stock for legal capital purposes and typically has no bearing on the market price of the stock.
The other factors listed, such as general business and economic conditions, the financial condition, earnings record, and dividend record of the corporation, and investor expectations of the corporation's earning power, are indeed critical in determining the price at which a stock can be sold.
Investors constantly analyze and predict a company's future earning potential, which in turn affects stock price. A rise in investor confidence or positive shifts in expectations can result in a higher stock price. This concept is crucial when aiming to invest in a company that is currently undervalued by the market but is poised for future success, potentially leading to significant capital gains when selling the stock.