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Par

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Dictionary Says

Definition of 'Par'

1. The face value of a bond. Generally $1,000 for corporate issues, with higher denominations such as $10,000 for many government issues.

2. A dollar amount assigned to a security when first issued.
Investopedia Says

Investopedia explains 'Par'

For stocks, par is usually a small dollar amount that bears no relationship to the security's market price.

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