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:

Implicit Memory

A type of long-term memory that does not require conscious thought to retrieve, often involving skills and routine procedures that are performed automatically.

Prospective Memory

The facet of memory tasked with remembering to undertake planned actions or bringing to mind intended future activities.

Procedural Memory

A type of long-term memory for executing tasks and skills, involving how to do things, and typically acquired through repetition and practice.

Factual Information

Data based on facts and real events, which can be proven true through evidence and observation.