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Shares with no face value are known as:
Shares with no face value are known as:
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A stock with no par value is issued without a par value specified in the company’s articles of incorporation or on the stock certificate. The majority of today’s shares are categorised as no-par or low-par value stocks. The amount that investors are ready to pay for no-par value equities on the open market determines their price.
A stock’s par value has nothing to do with its market value. A stock with no par value can nonetheless be sold for tens or hundreds of dollars. It all relies on how much the market thinks the business is worth.