A public company has 2 000 000 ordinary shares of 50k each and offers 50%
COMMERCE
JAMB 2006
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?
- A. N4 000 000
- B. N2 000 000
- C. N1 000 000
- D. 500 000
Correct Answer: D. 500 000
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