Final answer:
No par value stock provides a corporation flexibility because it does not have a nominal value, allowing the company to price the stock freely on the market.
Step-by-step explanation:
Because no par value has no nominal value, it allows for greater flexibility for the corporation issuing the stock. In the context of stock market and corporate finance, the correct term that completes the sentence is 'c) nominal value'. A no par value stock is a stock that has been issued without a par or nominal value stated on the stock certificate. Corporations benefit from issuing no par value stock because it gives them more flexibility in pricing the stock for the market, thus not restricting them to a minimum selling price. Having no nominal value means that company isn't bound to a certain value per share and can issue shares at whatever price the market will bear without concern for a minimum legal capital.