Commerce
JAMB 2022
When a share with a nominal value of #50 is quoted at #70, it is being sold
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A.
cum div
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B.
ex-div
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C.
at a discount
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D.
at a premium
Correct Answer: Option D
Explanation
Shares at a premium is a situation whereby shares are quoted above the nominal value i.e the issue price is greater than the nominal value.
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