Midway Corporation is incorporated in Delaware, but it has its principal place of business in Minnesota. It does much of its business in California. For purposes of diversity of citizenship, Midway is a resident of:

A) Delaware.
B) Minnesota.
C) both Delaware and Minnesota.
D) Delaware, Minnesota, and California.

C

Business

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The par value of a stock

a. is legally significant. b. reflects the most recent market price. c. is selected by the SEC. d. is indicative of the worth of the stock.

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