O Julio and Nichole are working on an assignment their accounting instructor gave them to do over the weekend. In the assignment, they are asked to record 50,000 shares of $10 par value stock issued by a corporation for $25 per share, While working on the assignment, Julio commented to Nichole that he couldn't believe any investor would be dumb enough to pay a company $25 for a share of stock that is only worth $10. How should Nichole respond to Julio's comment? O tab Jock Nichole should explain to Julio that the $10 par value has everything to do with the worth of each share of stock. Par value is an arbitrary amount assigned to each share of stock by the organizers of the corporation. Get more help - 66F Mostly cloudy esc fi A 2 W # 3 E www k $ 4 R 40 % Clear all Q Search 5 T 6 & Y Final check 7 19 hp 8