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3 years ago

The Hamilton Brush Company issued 2,500 shares of common stock worth $100,000.00 total. What is the par value of each share?

Mathematics

2 answers:

valentinak56 [21]3 years ago

8 0

A. $40.00 is the correct answer here

lutik1710 [3]3 years ago

4 0

Answer:

$40.00

Step-by-step explanation:

Given:2,500 shares of common stock

$100,000.00 total value

To Find :the par value of each share.

Solution:

Definition: Par value is the value written on each certificate of stock.

No. of shares = 2500

Total value = $100,000.00

So, par value of each share = $\frac{100000}{2500}$

= $40$

Hence The par value of each share is $40.00

Option A is correct.

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