When the shares of a company are issued more than its nominal value (face value), the excess amount is called __________.

None of the above

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Discount

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Premium

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Interest

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Solution

The correct option is C
Premium

When the shares of a company are issued more than its nominal value (face value), the excess amount is called premium.

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When amount received from debentureholders on allottment is more than their face value/nominal value, they are said to be issued at ___

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