TeachMeFinance.com - explain Par Value
par value -- (1) the value assigned to a share of stock by the issuer at the time the stock is first offered for sale. The par value may be more or less than the market value. (2) the value of a bond or note at maturity. (3) the face value of a security.
Par Value -- 1.The official fixed exchange rate between two currencies or between a currency and a specific weight of gold.
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