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CALCULATION OF REGISTRATION Fertile of Securities to be Registered common stock, par value $0.01 per share (1) (2)Amount to be RegisteredProposed Maximum Offering Price Per Share(1)Proposed Maximum Aggregate
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To calculate par, follow these steps:
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Determine the total number of strokes for a particular hole. This includes counting each hit of the ball, including penalty strokes.
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Subtract the adjusted handicap from the total strokes to get the net score.
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Compare the net score with the par of the hole. Par is the predetermined number of strokes that an average golfer should take to complete the hole.
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If the net score is equal to par, then the hole is scored as a par.
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If the net score is one stroke less than par, it is scored as a birdie.
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If the net score is two strokes less than par, it is scored as an eagle.
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If the net score is three strokes less than par, it is scored as an albatross.
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If the net score is one stroke more than par, it is scored as a bogey.
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If the net score is two strokes more than par, it is scored as a double bogey.
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If the net score is three strokes more than par, it is scored as a triple bogey.
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Repeat these steps for each hole on the golf course to calculate par for the entire round.

Who needs how to calculate par?

01
Anyone who plays golf and wants to keep score accurately needs to know how to calculate par.
02
Golfers who participate in tournaments or competitive play should also be familiar with how to calculate par.
03
Coaches, instructors, and golf enthusiasts who want to analyze players' performance may also need to calculate par.
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Par value is calculated by dividing the total value of a company's outstanding shares by the number of shares outstanding.
All companies with shares outstanding are required to calculate par value.
To calculate par value, divide the total value of outstanding shares by the number of shares outstanding.
The purpose of calculating par value is to determine the minimum value of a company's shares.
The total value of outstanding shares and the number of shares outstanding must be reported when calculating par value.
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