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Oil and Buns issued to the public 1,300,000 ordinary shares of 75k at a price of...


Question

Oil and Buns issued to the public 1,300,000 ordinary shares of 75k at a price of ₦1.50k. Application and allotment were received for 900,000 shares at 25k each.Determine the amount received on application and allotment

Options

A) ₦224,950

B) ₦225,000

C) ₦324,950

D) ₦325,000

The correct answer is B.


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