Q11.28: alfonzo and wendy were arguing about whether their company should issue par value common stock or no-par value common stock. alfonzo said that par value stock was better because they could use it to set the market price of the stock. wendy disagreed. who was right and why?

Wendy is right

Explanation:

The par value of a stock is a theoretical value that appears on some stock certificates. If this par value falls below the market price of the stock, then, the company will have to pay the difference to the investor.

For example, if the par value of the stock is $10, and the market price of the stock is $12, then, the firm will have to pay the $2 to the investor.

However, many firms issue extremely low par values to avoid this situation, as low as a $0.01 par value.

Par value has accounting implications, but they do not influence the market price of the stocks. The market price of a stock depends largely on other endogenous and exogenous variables and is much more complicated to calculate. This is why Wendy is right.

this is an outline for the decisions that frankie is going to make

opportunity cost

willingness to buy

price or quality

of course, there could be many economic strategies that should be considered important while making decision. opportunity cost is the foremost significant factor while considering any economic option. when you buy something, you should know how much you are forgoing for this product. indeed, you could buy something different with this measure if you changed your mind. willingness to buy shows how much surplus you are earning while making a decision. it is important because it shows you buy what you want or you buy because you have only limited amount of money. the price or quality can be considered as a general economic option that we are applying while buying something. when you buy something, price or quality could be one of the options. indeed, they define the characteristics of the product.    

mark brainliest!