SIE: Value At Issuance

Taken from our SIE Online Guide

Value at Issuance

Unlike common stock, preferred stock certificates have a face value, or par value, that actually means what it says. Most preferred stock is issued with a par value of $25, $50, or $100. While $25 is the most common par value, on the exam, you are likely to see questions with a par value of $100, to ma

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