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WAEC Commerce 1991 (August) Question 28

Question 28

Business Finance

The value stated on the share certificate as opposed to the current value is called its

  1. A.premium value
  2. B.exchange value
  3. C.nominal value
  4. D.discount value
  5. E.market value
Show the answer and explanation

Answer: C (nominal value)

Explanation

The nominal (par or face) value is printed on the certificate; the market value changes daily.