share at par
stock valued at face value a share whose value on the stock market is the same as its face value
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stock valued at face value a share whose value on the stock market is the same as its face value
In this example, the conversion ratio is 25:1, which means that every bond held with a $1,000 par value can be exchanged for 25 shares of common stock.
On the balance sheet equity typically includes: the total number of shares authorized, issued and fully paid, and issued but not fully paid; the par value, i.e. face value, of the shares; a reconciliation of shares outstanding at the beginning and the end of the period covered by the balance sheet
Liabilities$Payables7,000Taxes4,000Miscellaneous3,000Bonds and notes25,000Total liabilities39,000Stockholders’ equity (stock, par value × shares outstanding)80,000Retained earnings10,000Total liabilities and stockholders’ equity129,000
A simple transaction can involve the sale of just one bond class with a par value of $300 million. We will call this Bond Class A. Suppose that 300,000 certificates are issued for Bond Class A with a par value of $1,000 per certificate. Then, each certificate holder would be entitled to 1
By Frank J. Fabozzi
Definitions of ’share at par’ and meaning of ’share at par’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’share at par’ and other financial terms with our online QFINANCE Financial Dictionary.