Questions: If the total value of this issue was 50,000.00, what's the par value of each share?
Transcript text: If the total value of this issue was $\$ 50,000.00$, what's the par value of each share?
Solution
Solution Steps
To find the par value of each share, we need to know the total number of shares issued. Assuming we have that information, we can divide the total value by the number of shares to get the par value per share.
Step 1: Identify the Given Values
We are given the total value of the issue, which is \( \$50,000.00 \), and the number of shares issued, which is \( 1000 \).
Step 2: Calculate the Par Value per Share
To find the par value of each share, we divide the total value by the number of shares:
\[
\text{Par value per share} = \frac{\text{Total value}}{\text{Number of shares}}
\]
Substituting the given values:
\[
\text{Par value per share} = \frac{50000.00}{1000} = 50.00
\]