The nominal value of a share is the same as its?

Assessment: WAEC SSCE - Commerce - 2005 (Objective) Subject: Commerce

Question 1 Report

The nominal value of a share is the same as its?
Answer Details
The nominal value of a share is the same as its face value. The face value of a share, also known as its par value, is the value assigned to the share when it is first issued by the company. It is a fixed amount that does not change, regardless of the market demand for the share. The nominal value of a share is simply another term for its face value or par value. Therefore, the nominal value and the face value of a share are the same thing. It's important to note that the market value of a share, which is the price at which the share is currently trading on the stock exchange, can be different from its nominal or face value.

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