Question on: JAMB Commerce - 2024
Stock exchange quoted the shares of ABC Plc at #0.75K for #1.25K per share. This means the shares were sold at a
A
par value
B
premium
C
gain
D
loss
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Correct Option: B
The shares were sold at a premium because the selling price (#1.25K) was higher than the face value or nominal value (#0.75K).
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