The par value of a common stock is: A. In direct relation to the market value B. Used only for bookkeeping purposes C. Always set at $1 unless the stock is issued at no par value D. The basis for which cash dividends are paid QUESTION 60 Jane Q. Investor purchased 100 AA rated bonds issued by CDW Corp. Jane purchased the bonds at 105 percent of par value, and they are currently trading in the market at 104 . If the coupon is 71/2%, how much annual interest does Jane receive? A. $37.50 B. $75.00 c. $3,750.00 D. 57.500.00