Concept:A share is sold at a premium when its market price is higher than its nominal (face) value.
Explanation:The nominal value of the share is
#50.
The quoted price of the share is
#70.
Since
#70>#50, the share is being sold above its nominal value.
This situation is known as selling
at a premium.
It is not cum div or ex-div, as those terms relate to dividend entitlement, not pricing above face value.
It is also not at a discount, because a discount occurs when the price is below the nominal value.
Answer:D. at a premium