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The Act of Union (1707) was significant because
Par Value
The nominal or face value of a stock or bond as stated by the issuing company, often used in the context of bonds.
Preferred Stock
A class of ownership in a corporation with a specified dividend that must be paid before dividends to common stockholders.
Shares
Shares represent units of ownership interest in a corporation or financial asset, allowing shareholders to potentially participate in the profits and decision-making of the company.
Stockholders' Equity
The residual interest in the assets of a corporation after deducting its liabilities, representing the owners' claims on the company.
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