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A company has an authorized capital of 40 million shares at N1 per share, out of...


Question

A company has an authorized capital of 40 million shares at N1 per share, out of which 32 million shares have been issued and fully paid-up. The remaining 8 million shares have

Options

A) been issued but have not been paid-up

B) been applied for but not issued

C) not been paid-up

D) not yet been issued

The correct answer is D.


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