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What is the difference between Face Amount Shares, Shares without a par value, and Nonpar shares?

What is the difference between Face Amount Shares, Shares without a par value, and Nonpar shares?

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Answer #1
The par value is the stated value per share that is set by the company.
The par value is set by the company when the I.P.O ( initial public offering)
is done. After the I.P.O the stock price is determined by the supply and demand
of the stock in the secondary market. These are known as par value shares.
A company can choose not to set a stated value or par value for its shares.
These are known as no par shares or shares without a par value.
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