Multiple Choice
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?
A) $20.00
B) $25.00
C) $5.00
D) $19.99
E) $0.01
Correct Answer:
Verified
Correct Answer:
Verified
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