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rmessmer

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rmessmer

Re: MMSmith post# 17074

Tuesday, 03/11/2008 1:38:07 PM

Tuesday, March 11, 2008 1:38:07 PM

Post# of 40626
Par value is a meaningless term, used for accounting purposes. No relation to stock price. Many companies have authorized stock without par value (ie par value zero). When you form a corporation a lot of states charge you a tax based on the par value of authorized shares.
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