When a share is bought at a rate below the par value, it is said...

Commerce

WAEC 1991

When a share is bought at a rate below the par value, it is said to have been sold?

A. at a discount
B. cum div
C. at a premium
D. ax-div
E. pro-rata

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Correct Answer: Option A

Explanation

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When a share is bought at a rate below the par value, it is said...

Correct Answer: Option A

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