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What does par value of each share mean?

mean par share value
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What does par value of each share mean?

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This is the value you place on each share. Most people use 1.00 or .01. This is not an actual representation of what the company is worth. If you have a public company, your share price is set by what price people buy and sell it in the stock market. If you have a privately held company your share price is set by the company’s shareholders.

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