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In finance and investing, "unredeemed" typically refers to a situation where a company's stock price has fallen below its par value or book value, indicating that there is no obligation for the shareholders to invest their money back into the company. This can be due to various reasons such as the company going bankrupt, the company's management making poor decisions, or simply being unable to meet financial obligations. In this case, the stock price may remain at a loss, and investors are left holding
unredeemed