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JAMB Commerce 2015 Paper

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Question : 40

Total: 50

Use the information below to answer this question.

Mammy Plc, whose nominal capital is made up of 5,000,000 ordinary shares at 50K each, decide to offer 80% of it to the public and realized only 50% of the amount due.

what is the company authorized share authorized share capital?

N4,000,000
N5,000,000
N7,500,000
N2,500,000

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