Mega Computer Issued Stock with a Face Value of One

question 262

Short Answer

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

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Definitions:

Openness to Experience

A personality trait that features characteristics such as imagination, insight, and a broad range of interests.

Agreeableness

A personality trait characterized by attributes such as kind-heartedness, trustworthiness, and cooperativeness.

Optimistic

Having a hopeful and confident attitude towards the future or the successful outcome of something.

Pessimistic

Having a tendency to see the worst aspect of things or believe that the worst will happen; a lack of hope or confidence in the future.