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?

  • N4 000 000
  • N2 000 000
  • N1 000 000
  • 500 000 checkmark

The correct answer is: D

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