Answer:
$50.
Step-by-step explanation:
The formula for the stocks is...
Par value of preferred stock = (Number of issued shares) * (par value per share)
So, we can say that...
Par value per share = par value of preferred stock / number of issued shares.
The par value of the Buzz Tool Company is $50,000. There are 1,000 issued shares. So, each stock would be $50,000 / 1,000 = $50 / 1 = $50.
Hope this helps!
