In order to compete with Home Depot and Lowes, McCoy's Building Supplies decides to have an initial public offering to finance its new venture. It has 1,000,000, $10 par common stock authorized but only issues 200,000. The price of the stock is $25. Based upon the following information, answer the following questions: What is the total par value of the common stock

Answer//no one seller can influence the price of the market;

Henry m. leland (1843-1932), president of cadillac motor carcompany in 1908, known as a master of precision frederick bennett, the british agent for cadillac motor carcompany who convinced the royal automobile club to runthe standardization test at brooklands, england henry ford (1863-1947), founder of ford motor company whointroduced the moving assembly line into the automobileindustry in 1913