The par value of common stock represents the price at which the company offered its stock to investors when it made its initial public offering.

Name: The par value of common stock represents the price at which the company offered its stock to investors when it made its initial public offering.
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Question

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The par value of common stock is a nominal value assigned to shares and is not related to the market price or the price at which shares are offered during an IPO.

The Par Value of Common Stock Represents the Price at Which