The par value of a share is also known as its

Assessment: WAEC SSCE - Commerce - 2011 (Objective) Subject: Commerce

Question 1 Report

The par value of a share is also known as its

Answer Details
The par value of a share is also known as its nominal price. It is the face value of the share, or the value assigned to it at the time of issuance. It represents the minimum price at which a share can be issued or sold. The par value has little significance in modern stock markets, as the market price of a share is usually determined by the forces of supply and demand. In some countries, however, the par value is still used as a basis for calculating certain fees and taxes.
Read lesson note on Legal Aspects Of Business (JAMB)
Read lesson note on Business Capital And Profits (WAEC)
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