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    newjean's Avatar
    newjean Posts: 2, Reputation: 1
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    #1

    Feb 23, 2012, 08:35 PM
    I paid $1850000to my preferred stock 10% par $40 how many share of stock do I have?
    I paid $1850000to my preferred stock 10% par $40 how many share of stock do I have?
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #2

    Feb 23, 2012, 08:39 PM
    Since in real life, your broker and your paper work on account would be telling you. So obviously this is a home work question. We of course do not do your home work, but many on here will be glad to help you. If you tell us what you think, experts will be glad to discuss this.
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #3

    Feb 23, 2012, 08:54 PM
    Simply take what you paid for the stock and divide it by the par value of the stock and your answer will be the number of shares you have.
    newjean's Avatar
    newjean Posts: 2, Reputation: 1
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    #4

    Feb 25, 2012, 07:12 AM
    Thank you Chuck, yes it was homework. I will take you up on the exercises below. I thank you, I need to have more practice.
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