jordan inc.'s charter states that there are 50,000 shares of stock authorized with a par value of $5 per share. this typically means that investors must pay a (minimum/maximum) of $5 per share to invest in the corporation.

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23-11-2022
Business

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jordan inc.'s charter states that there are 50,000 shares of stock authorized with a par value of $5 per share. this typically means that investors must pay a (minimum/maximum) of $5 per share to invest in the corporation.

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Parrain Parrain · Answer 1 · 2022-11-25T12:36:44+01:00

Jordan Inc's shares are authorized at $5 par value and this typically means that investors must pay a minimum of $5 per share to invest in the corporation.

What is the par value of a share?

The Par value of a share is the value of that share according to the corporate charter of a company. It shows what the company believes its shares to be worth based on its assets.

When a company first issues its shares, it is believed that the par value is the minimum that the company's stock should be valued at. This means that investors will need to invest a minimum of the $5 par value, if they are to invest in Jordan Inc.

Find out more on par value at https://brainly.com/question/25765493

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