Homework Answers
a.
| Effective date | Revised par value |
| march 9,1897 | $1*1/2 = $0.5 |
| Dec 21,1987 | $0.5 * 1/2 = $0.25 |
| June 16,1989 | $0.25 * 1/2 = $0.125 |
| Nov 8,1993 | $0.125 * 1/2 = $0.063 |
| Feb 22,1995 | $0.063 * 2/3 = $0.042 |
| Apr 16,1996 | $0.042 * 2/3 = $0.028 |
| Aug 15,1997 | $0.028 * 2/3 = $0.019 |
| Feb 26,1999 | $0.019 * 2/3 = $0.013 |
| Jan 18,2000 | $0.013 |
| Oct 12,2000 | $0.007 |
Par value per share on 2015 balance sheet = $0.007
b. value of share at par value = $1
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