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    Exam 16: Companies: Formation and Operations
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    If the Number of Shares Subscribed for Exceeds the Number
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If the Number of Shares Subscribed for Exceeds the Number

Question 30

Question 30

Multiple Choice

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


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

Correct Answer:

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