When a share with a nominal value of #50 is quoted at #70, it is being sold
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Correct Answer: Option D
Explanation:
A share is sold at a premium when its market or quoted price is higher than its nominal value. Since the nominal value is #50 and the quoted price is #70, the share is being sold at a premium of #20.
A share is sold at a premium when its market or quoted price is higher than its nominal value. Since the nominal value is #50 and the quoted price is #70, the share is being sold at a premium of #20.