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The share value stated on a share certificate is

Commerce
JAMB 2022

The share value stated on a share certificate is

  • A. above par value
  • B. below par value
  • C. market value
  • D. nominal value
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Correct Answer: Option D
Explanation

Nominal value is also known as par value or face value. Per value for a share refers to the stock value stated in the corporate charter. Share usually have no par value or very low par value, such as one cent per share.


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WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
WAEC offline past questions - with all answers and explanations in one app - Download for free
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
WAEC offline past questions - with all answers and explanations in one app - Download for free
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts