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Shares are said to be sold at a discount when they are sold

Commerce
JAMB 2024

Shares are said to be sold at a discount when they are sold

  • A. below par
  • B. to the public
  • C. at par
  • D. above par
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Correct Answer: Option A
Explanation

When shares are sold at a discount, it means that the selling price of the shares is lower than their par value. The par value is the nominal value assigned to each share by the company at the time of its incorporation. Selling shares below par value can happen for various reasons, such as market conditions, financial considerations, or to attract investors.


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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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Post UTME Past Questions Agent
Post UTME Past Questions Agent
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now