Trading on the stock exchange in anticipation of price change in the market value of shares is?
A. speculation B. forecasting C. expectation D. projection Correct Answer: Option A – speculation
Which of the following is a development bank in Nigeria?
A. Union Bank Plc B. First Bank Plc C. First City Monument Bank D. Federal Mortgage Bank Correct Answer: Option D – Federal Mortgage Bank
The main requirement for admission to the second-tier securities markets is the?
A. provision of a three-year trading record B. disclosure of all trading activities C. creation of a good atmosphere for growth and development D. guaranteeing dividends to shareholders Correct Answer: Option B – disclosure of all trading...
If the shares were fully subscribed; calculate the issued capital?
A public company has 2 000 000 ordinary shares of 50k each and offers 50% for subscription at N2 per share. A. N4 000 000 B. N2 000 000 C. N1 000 000 D. N500 000 Correct Answer: Option D – N500 000
A bond which attracts only interest but leaves the capital unpaid is referred to as?
A. a long-term loan B. a development bond C. a redeemable bond D. an irredeemable bond Correct Answer: Option A – a long-term loanProducts
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