You and nine friends equally contributed $10,000 to begin a business. 200 shares were authorized and 50 shares were issued. What is the stock price per share? $200/share $2,000/share $500/share $5,000/share

You and nine friends equally contributed $10,000 to begin a business. 200 shares were authorized and 50 shares were issued. What is the stock price per share? $200/share $2,000/share $500/share $5,000/share

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Question

You and nine friends equally contributed $10,000 to begin a business. 200 shares were authorized and 50 shares were issued. What is the stock price per share?

$200/share

$2,000/share

$500/share

$5,000/share

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