New issues of common stock
A) must be sold at par value.
B) must be sold at a stated value.
C) can be sold at any price.
D) no longer are allowed to state a par value.

Question

Quizplus · Accepted Answer

New issues of common stock can be sold at any price, as there is no requirement to sell them at par value or stated value. In fact, many companies sell their stock at a price that reflects market demand and conditions. Additionally, many companies have moved away from stating a par value for their stock, instead providing a more descriptive statement of the stock's attributes.

New Issues of Common Stock