Shares are said to be sold at a discount when they are sold
-
below par
- to the public
- at par
- above par
The correct answer is: A
Explanation
When shares are sold at a discount, it means that the selling price of the shares is lower than their par value. The par value is the nominal value assigned to each share by the company at the time of its incorporation. Selling shares below par value can happen for various reasons, such as market conditions, financial considerations, or to attract investors.