thanks castle for the valuable information. but i still don't get about the par value of a stock. because i see jmcp with the par value of 0.01 but it trade at 0.0001, so what' is that mean. thank you and have a good day.
Investopedia Says... For stocks, par is usually a small dollar amount that bears no relationship to the security's market price. http://www.investopedia.com/terms/p/par.asp
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