WAEC Commerce 2022 Paper

Concept:A share is sold at a premium when its market price is higher than its nominal, or face, value.Explanation:The nominal value of the share is $\text{NGN}50$.The quoted price is $\text{NGN}70$.This quoted price is greater than the nominal value because $\text{N70} > \text{N50}$.Therefore, the share is being sold above its face value.In commerce, selling a share above its nominal value is known as selling at a premium.Answer:D. at a premium