If a company issues a 2-for-1 stock split on $1 par-value stock, each share's par-value after the split is $0.50 per share.

Name: If a company issues a 2-for-1 stock split on $1 par-value stock, each share's par-value after the split is $0.50 per share.
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In a 2-for-1 stock split, the number of shares doubles and the par value per share is halved, so the par value would indeed be $0.50 per share after the split.

If a Company Issues a 2-For-1 Stock Split on $1