If the issue price of the share is exactly equal to its nominal value according to the terms and conditions of the issue, then the shares are said to be issued at........

Par

The correct answer is option 1- Par.

Shares of a company are issued either at par or at a premium. Shares are to be issued at par when their issue price is exactly equal to their nominal value according to the terms and conditions of issue. When the shares of a company are issued more than its nominal value (face value), the excess amount is called premium.