Saturday, February 07, 2015 12:32:52 PM
Many common stocks issued today do not have par values; those that do (usually only in jurisdictions where par values are required by law) have extremely low par values (often the smallest unit of currency in circulation), for example a penny par value on a stock issued at USD$25/share. Most states do not allow a company to issue stock below par value.
http://en.wikipedia.org/wiki/Par_value
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