Sometimes a value is assigned to the shares in the articles of incorporation. This arbitrary amount is known as projected value.

Name: Sometimes a value is assigned to the shares in the articles of incorporation. This arbitrary amount is known as projected value.
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The value assigned to shares in the articles of incorporation is known as the par value, not projected value. Par value is a nominal value assigned to share capital, indicating the minimum price at which shares can be issued.

Sometimes a Value Is Assigned to the Shares in the Articles