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A Ltd Owns 60 Per Cent of the Issued Capital

Question 32

Multiple Choice

A Ltd owns 60 per cent of the issued capital of B Ltd and B Ltd owns 55 per cent of the issued capital of C Ltd.What is A's interest in C Ltd?

A) 55 per cent
B) 24 per cent
C) 30 per cent
D) 33 per cent
E) None of the given answers.

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