When a share with a nominal value of #50 is quoted at #70, it is being sold

  • A cum div
  • B ex-div
  • C at a discount
  • D at a premium
jamb 2022commerce

The correct answer is D. at a premium

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.

Previous question Next question