No-par stock does not have a par value, but can have a stated value, which makes it similar to par value stock.

Question

Quizplus · Accepted Answer

No-par stock may have a stated value similar to a par value stock, which is a minimum value assigned to each share by the company. However, the stated value is not considered the same as a par value since it does not have any legal significance in terms of the minimum selling price of the stock.

No-Par Stock Does Not Have a Par Value, but Can