Examlex
A rock from a volcanic eruption is launched straight up into the air with no appreciable air resistance.Which one of the following statements about this rock while it is in the air is correct?
Stated Value
A value that is assigned to a share of stock by the issuing company, which may bear no relation to its market value.
Par Value
Par value is the nominal or face value of a bond, share of stock, or coupon as stated by the issuer.
No-Par Common Stock
Shares issued without a par value, meaning their value is determined by the market rather than a set face value.
Stated Value
The nominal value assigned by the company to its no-par stock, which becomes the legal capital per share.
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