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The nominal capital of a public limited company is made up of 400,000 ordinary s...


Question

The nominal capital of a public limited company is made up of 400,000 ordinary shares of 50k each.

The Board of Directors decided to issue 50% of it for subscription by the public.

The reserved capital is

Options

A) #300,000

B) #200,000

C) #100,000

D) #50,000

The correct answer is A.


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