Series 7: 1.3.3.1 Value At Issuance

Taken from our Series 7 Top-off Online Guide

1.3.3.1 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 Series 7 exam, you are likely to see quest

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