Mega Computer issued stock with a face value of one cent and then sold the shares to the public for $20.00 each. Ted bought 10 shares at that price. Today, Ted sold his shares to David for $25.00 each. What is the par value of the stock?
$20.00
$25.00
$5.00
$19.99
$0.01

Question

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The Answer of Mega Computer issued stock with a face value of one cent and then sold the shares to the public for $20.00 each. Ted bought 10 shares at that price. Today, Ted sold his shares to David for $25.00 each. What is the par value of the stock?
$20.00
$25.00
$5.00
$19.99
$0.01

Mega Computer Issued Stock with a Face Value of One