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    Exam 9: Companies: Formation and Operations
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    If the Number of Shares Subscribed for Is Greater Than
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If the Number of Shares Subscribed for Is Greater Than

Question 30

Question 30

Multiple Choice

If the number of shares subscribed for is greater than the number of shares offered the issue is said to be:


A) uncalled.
B) over-called.
C) under-subscribed.
D) over-subscribed.

Correct Answer:

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