Question 3 4.75 pts What is the definition of the par value of stock? Distribution to the shareholders of a corporation usually based on earnings Corporation's stock that is reacquired Arbitrary amount assigned to share of stock in the articles of incorporation. Basic form of stock issued by corporation Question 4 4.75 pts Preferred stock is called preferred because it usually has two preferences over common stock. These preferences relate to: Dividends and voting rights. The preemptive right and voting rights. Par value and dividends. Dividends and distribution of assets if the corporation is dissolved