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A Ltd Owns 80 Per Cent of the Issued Capital

Question 24

Multiple Choice

A Ltd owns 80 per cent of the issued capital of B Ltd and B Ltd owns 60 per cent of the issued capital of C Ltd.What is A's interest in C Ltd?

A) 32 per cent
B) 48 per cent
C) 60 per cent
D) 16 per cent
E) None of the given answers.

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