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The par value of a share is also known as its

Commerce
WAEC 2011

The par value of a share is also known as its

  • A. premium price
  • B. market price
  • C. discount price
  • D. nominal price
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Correct Answer: Option D
Explanation

Nominal value of a security, often referred to as face or par value, is its redemption price and is normally stated on the front of that security.

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