Which of the following sentences is false? a. In the early days of corporations, the par value

Question:

Which of the following sentences is false?
a. In the early days of corporations, the par value represented the market value of the stock.
b. Par value represents the average value of the stock.
c. In recent times, par value is typically set well below a stock’s market value.
d. Par value may be related to a corporation’s legal capital.

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