The par value of common stock is set by the state government.

Name: The par value of common stock is set by the state government.
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Quizplus · Accepted Answer

The par value of common stock is not set by the state government. It is usually determined by the company itself and represents the minimum price at which the stock can be issued. However, many companies today issue no-par value common stock or set the par value at a very low amount.

The Par Value of Common Stock Is Set by the State