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I have a definition of "par value" for you. In short, it is the initial value given to a stock, and may not have any bearing on the market price or long term value. An exception to the general picture would lie in preferred stock. It is needless to say that the value of a stock can change significantly either way from the time that it first goes on the market.
If you read the definition you can figure it out for yourself.
par value
Definition
The nominal dollar amount assigned to a security by the issuer. For an equity security, par value is usually a very small amount that bears no relationship to its market price, except for preferred stock, in which case par value is used to calculate dividend payments. For a debt security, par value is the amount repaid to the investor when the bond matures (usually, corporate bonds have a par value of $1000, municipal bonds $5000, and federal bonds $10,000). In the secondary market, a bond's price fluctuates with interest rates. If interest rates are higher than the coupon rate on a bond, the bond will be sold below par value (at a "discount"). If interest rates have fallen, the price will be sold above par value. also called face value or par.