Stock exchange quoted the shares of ABC Plc at N0.75K for N1.25K per share. This...

Commerce

NECO 2005

Stock exchange quoted the shares of ABC Plc at N0.75K for N1.25K per share. This means the shares were sold at a

A. discount
B. gain
C. loss
D. par value
E. premium

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Correct Answer: Option E

Explanation

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Stock exchange quoted the shares of ABC Plc at N0.75K for N1.25K per share. This...

Correct Answer: Option E

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