The following press release was issued by Haynes International: NEW YORK, March 19 (Reuters)Haynes International Inc., a producer of high-performance
The following press release was issued by Haynes International:
NEW YORK, March 19 (Reuters)—Haynes International Inc., a producer of high-performance nickel and cobalt-based alloys, on Monday raised $136.5 million with a U.S. initial public offering that was priced above the forecast range.
The 2.1-million-share offering was sold for $65 per share, compared with a $61 to $64 forecast range.
1. Record the issuance of stock, assuming the stock was no-par value common stock.
3. Should a stockholder care whether a company issues par or no-par value stock? Explain.
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Par Value
Par value is the face value of a bond. Par value is important for a bond or fixed-income instrument because it determines its maturity value as well as the dollar value of coupon payments. The market price of a bond may be above or below par,...
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