The stockholders?? equity section of the balance sheet for MannEquipment Co. at December 31, Year 2, is as follows. Stockholders??Equity Paid-in capital Preferred stock, ?

The stockholdersâ?? equity section of the balance sheet for MannEquipment Co. at December 31, Year 2, is as follows. Stockholdersâ??Equity Paid-in capital Preferred stock, ? par value, 5% cumulative Note: The market value per share of the common stock is \( \$ 42 \), and the market value per share of the preferred stock is \( \$ 20 \). Required a. What is the par value per share of the preferred 2 answers