Final answer:
The par value or face value is the nominal value of a security.
Step-by-step explanation:
The par value, also known as the face value, of a security refers to the original value of the security as stated in the issuing company's legal documents.
It is the amount that the security is worth when it is first issued.
Out of the options given, the par value (option b) is the correct answer.
Shares (option a) represent ownership in a company, net (option c) refers to the after-tax value of a security, and market (option d) represents the current trading price of a security.