Examlex
Select the correct contraction for each phrase. did not
Stated Value
A value assigned to no-par value stock by the issuing company's board of directors to serve as the stock's legal capital.
No-par Stock
Shares issued without a par value listed on the face of the stock certificate, allowing the company more flexibility in setting their value.
Redemption Value
The value at which a bond or other debt security can be redeemed before its maturity by the issuer.
State Of Incorporation
The specific state within the United States where a corporation is registered to conduct business under its laws.
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