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Use the following to answer questions:
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Par Common Stock
The face value of a share of common stock as specified in the corporate charter, with no bearing on the market value.
Fair Market Price
The price at which an asset would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or sell and both having reasonable knowledge of relevant facts.
Preferred Stock
Preferred Stock represents a class of ownership in a corporation that has a higher claim on assets and earnings than common stock, often including fixed dividends.
Common Stock
A form of corporate equity ownership, a type of security that represents ownership in a corporation and a claim on part of the company's profits.
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