In the context of corporate finance, face value is:
A) a doctrine holding that certain legal consequences attach to an attempt by a corporation to carry out acts that are outside its lawful powers.
B) the amount that a corporation pays a bondholder at the bond's maturity.
C) the minimum number of shareholders needed to have a valid vote.
D) the lawsuit brought on behalf of the corporation by a shareholder when the directors refuse to act.
E) a situation where one person sits on the board of directors of two different companies.
Correct Answer:
Verified
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