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Which of the following is true about stated value? A. It represents what a share is worth. B. It is established for a share after

Which of the following is true about stated value?

A. It represents what a share is worth.

B. It is established for a share after it is issued.

C. It represents the original selling price for a share.

D. It is an arbitrary amount assigned by a company to a share at the time of issue.

E. It may exist for common shares but not for preferred shares.

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