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

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

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User Kibromhft
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7.9k points

1 Answer

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