Asked by Samantha Stoner on May 08, 2024
Verified
No-par value is placed on stock certificate when the stock has no-par value and no stated value.
No-Par Value
Refers to shares of stock issued without a specified face value, unlike par value stock which has a legal capital amount assigned per share.
- Understand the importance of par value, no-par value, and stated value in the context of stocks.
Verified Answer
SL
Sidney LittleMay 10, 2024
Final Answer :
True
Explanation :
No-par value stock is issued without a par value or a stated value on the stock certificate, indicating that the stock has not been assigned a formal value per share.
Learning Objectives
- Understand the importance of par value, no-par value, and stated value in the context of stocks.