Series 66: 2.2.3.1 Value At Issuance

2.2.3.1  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 actually the most common par value, on the exam, you are likely to see questions with a par value