When a share with a nominal value of #50 is quoted at #70, it is
COMMERCE
JAMB 2022
When a share with a nominal value of #50 is quoted at #70, it is being sold
- A. cum div
- B. ex-div
- C. at a discount
- D. at a premium
Correct Answer: D. at a premium
Explanation
Shares at a premium is a situation whereby shares are quoted above the nominal value i.e the issue price is greater than the nominal value.
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