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WAEC Commerce 2025 Question 32

Question 32

Stock Exchange

Use the information below to answer questions 32 and 33.
Gibril bought shares from a company at D 40 per share and sold them to Sam at D 60 each.
Gibril sold the shares at a

  1. A.subsidy.
  2. B.par.
  3. C.premium.
  4. D.loss.
Show the answer and explanation

Answer: C (premium.)

Explanation

He sold at D60, above the D40 he paid, i.e. at a premium.