Question: 16 Mega Computer issued new stock through an IPO with a par value of $10 and then sold the shares to the public for $20.00

16 Mega Computer issued new stock through an IPO with a par value of $10 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 Deirdre for $25.00 each. What is the market value of the stock? Oa. $45.00 Ob. $20.00 Oc. $5.00 Od. $25.00 e. $10
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
