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Par value: For preferred stock, is a nominal amount and does not have any true...

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Accounting

Par value:
For preferred stock, is a nominal amount and does not have any true relationship to the actual value of the shares
For bonds is the amount due at maturity
For common stock, is the "liquidation" amount
For bonds is the interest rate (usually fixed) paid on the bond
For hybrids is the percent of the hybrid related to its common stock characteristics
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