The Mining Co. has 25,000 shares of stock outstanding. The current market value of the firm is $789,000. The company has retained earnings of $407,000, capital in excess of par value of $229,000, and a common stock account value of $25,000. The company is planning a reverse stock split of two-for-three. What will be the par value per share after the split?

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The par value per share after the reverse stock split can be calculated by dividing the original common stock account value by the new number of shares outstanding after the split. Before the split, there are 25,000 shares with a common stock account value of $25,000, so the original par value per share is $1.00 ($25,000 / 25,000 shares). After a two-for-three reverse stock split, the number of shares will be reduced to two-thirds of the original amount, resulting in 16,667 shares (25,000 * 2/3). The new par value per share is then $1.50 ($25,000 / 16,667 shares).