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Tesy Tesy
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6 years ago
Corporation B had sales revenue last year of $20 million, operating expenses of $16 million, and net profit of $4 million. There are 2 million shares of stock oustanding. What is the par value of the company's stock?
A) $5
B) $10
C) $4.83
D) $4
E) The par value cannot be determined with the information given.
Textbook 
Business Essentials, Canadian Edition

Business Essentials, Canadian Edition


Edition: 8th
Authors:
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