The par value of a share is also known as its
COMMERCE
WAEC 2011
The par value of a share is also known as its
- A. premium price
- B. market price
- C. discount price
- D. nominal price
Correct Answer: D. nominal price
Explanation
Nominal value of a security, often referred to as face or par value, is its redemption price and is normally stated on the front of that security.
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