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Question 6 A premium on common stock: Answers: Is the difference between par value and issue price when the amount paid is below par Is

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Question 6 A premium on common stock: Answers: Is the difference between par value and issue price when the amount paid is below par Is prohibited in most states. Represents profit from issuing stock. Represents capital gain on sale of stock. Occurs when a corporation sells its stock for more than par or stated value

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