Stated value of no-par stock is:
A. An amount assigned to par value stock by the state of incorporation.
B. The difference between the par value of stock and the amount below or above par value paid-in by the stockholder.
C. The market value of the stock on the date of issuance.
D. Another name for redemption value.
E. An amount assigned to no-par stock by the corporation's board of directors.
Answer: E
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