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A public company has 2 000 000 ordinary shares of 50k each and offers 50% for su...


Question

A public company has 2 000 000 ordinary shares of 50k each and offers 50% for subscription at N2 per share.

If the shares were fully subscribed, calculate the issued capital?

Options

A) N4 000 000

B) N2 000 000

C) N1 000 000

D) 500 000

The correct answer is D.


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