Examlex
The systematics of today is very different from the systematics learned a generation ago. As a result, which statements is the least accurate?
Watered Stocks
Shares of a company that have been issued at a price far greater than the asset value of the company, leading to an inflation of the company's market value without an increase in actual capital.
Fair Market Value
The price a willing, informed, and not under pressure buyer would pay to a willing, informed, and not under pressure seller in the market.
No-Par
No-par refers to shares of stock issued without a par value, which means the stock's face value is not set and is determined by the market.
Sub-Par
A term indicating something is below an expected level of quality, performance, or standard.
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