The nominal value of a share as specified in the memorandum of association and the...
COMMERCE
POST UTME OAU
The nominal value of a share as specified in the memorandum of association and the share certified is the
- A) discounted value
- B) stock value
- C) face value
- D) par value
Correct Answer: D) par value
Explanation
Among these options, the correct answer is Option D: par value. The par value refers to the nominal or face value of a share. It is the minimum price at which a share can be issued and represents the initial investment made by shareholders in a company. The par value is typically specified in the company's memorandum of association and is printed on the share certificate.To learn more about this, please read the relevant sections of the recommended textbooks.
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