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A limited liability company has an authorized share capital of ₦50 million spl...


Question

A limited liability company has an authorized share capital of ₦50 million split into 100 million shares 80 million share was offered for subscription at 60k per share payable in full on application. These have been fully subscribed and issued

What is the nominal value of each share?

Options

A) ₦2

B) ₦0.80

C) ₦0.60

D) ₦0.50

The correct answer is D.


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