On October 1, Ivanhoe Corporations stockholders equity is as follows. Common stock, $6 par value $451,800 Paid-in capital in excess of parcommon stock 27,000 Retained earnings 155,000 Total stockholders equity $633,800 On October 1, Ivanhoe declares and distributes a 10% stock dividend when the market price of the stock is $15 per share.

Compute the par value per share (1) before the stock dividend and (2) after the stock dividend.