How much do my shares worth if Authorized capital 60,000 shares and I own 500 shares at $1.00 par value.
Thank You
How much do my shares worth if Authorized capital 60,000 shares and I own 500 shares at $1.00 par value.
Thank You
To determine the value of your shares, you would need to consider the par value and the total number of authorized shares.
First, let's calculate the authorized capital in dollars:
Authorized capital = Authorized shares * Par value
Authorized capital = 60,000 shares * $1.00
Authorized capital = $60,000
Next, we need to find out the proportion of authorized shares that you own. To do this, we divide the number of shares you own by the total authorized shares:
Proportion of shares owned = Number of shares owned / Authorized shares
Proportion of shares owned = 500 shares / 60,000 shares
Lastly, we multiply the proportion of shares owned by the authorized capital to find the value of your shares:
Value of your shares = Proportion of shares owned * Authorized capital
Value of your shares = (500 shares / 60,000 shares) * $60,000
You can now calculate the exact value of your shares using the above equation. This calculation assumes that any changes in company value, market conditions, or other factors that may affect the stock price are not considered in this scenario.