True or false: Some states allow corporations to issue no-par value common stock. True false question. True False

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30-11-2021
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True or false: Some states allow corporations to issue no-par value common stock. True false question. True False

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Baraq Baraq · Answer 1 · 2021-12-03T22:44:02+01:00

Based on capital market analysis, it is true that some states allow corporations to issue no-par value common stock.

In the United States, some of the states that allow corporations to issue no-par value common stock include the following:

Alabama,
Colorado,
Idaho,
Kansas,
Maryland,
Michigan,
Missouri,
New Jersey,
Ohio,
Pennsylvania,
Utah, etc.

A no-par value stock is a stock allocated without a par value. Its value is visually determined by the amount investors are ready to pay on the open market.

Hence, in this case, it is concluded that the correct answer is "True."

Learn more about no-par value stock here: https://brainly.com/question/14160459