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The legal capital of a corporation issuing no-par shares with a stated value is usually equal to the total stated value of the shares issued. To illustrate, assume that the DeWitt Corporation, which is authorized to issue 10,000 shares of common stock without par value, assigns a stated value of $20 per share to its stock. DeWitt issues the
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Though Indian entities are acquiring a greater awareness of hedging instruments for exchange rate and interest rate exposures, an active derivatives market has yet to develop. rupee interest
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