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WAEC Commerce 2022 Question 30

Question 30

Stock Exchange

When a share with a nominal value of ₦50 is quoted at ₦70, it is being sold

  1. A.cum div.
  2. B.ex-div.
  3. C.at a discount
  4. D.at a premium
Show the answer and explanation

Answer: D (at a premium)

Explanation

A share sold above its nominal (face) value is sold at a premium: here ₦70 is ₦20 above ₦50.