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Par value is the dollar value that an investor must pay in order to purchase preferred stock.

a. True b. False

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Par value is the dollar value that an investor must pay in order to purchase preferred stock.

a. True
b. False

Answer

I would say false.
the par value is not necessarily the amount that the investor must pay in order to purchase the preferred stock.
the par value is known to be the market price of the stock however, investors may offer the stock above or below the par value depending on the decision of the board

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Virtual Teaching Assistant: Colleen R.
Question Level: Basic
Karma: Free
Upload Date: 5/31/2017

This 21 words question was answered by Colleen R. on StudySoup on 5/31/2017. The question contains content related to Business Since its upload, it has received 90 views.

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