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Par and No - creditors • Today many states do not require...

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Par and No-Par Value Stocks Capital stock that has been assigned a value per share. Years ago , par value determined the legal capital per share that a company must retain in the business for the protection of corporate
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Unformatted text preview: creditors. • Today many states do not require a par value. • No-par value stock is quite common today. • In many states the board of directors assigns a stated value to no-par shares....
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