JAMB - Commerce (2024 - No. 41)
Stock exchange quoted the shares of ABC Plc at #0.75K for #1.25K per share. This means the shares were sold at a
par value
premium
gain
loss
Explicaţie
When shares are quoted at a price higher than their par value or initial offering price, it is considered a premium. In this case, the quoted price of #1.25K per share is higher than the par value or the original offering price, which indicates that the shares were sold at a premium