Use the information below to answer this question.
A limited liability company has an authorized shares capital of 50 million split into 100 millions shares. 80million shares are offered for subscriptions at 60k per share in full on application. These have been fully subscribed on issue
What is the nominal value of each share
A.
N2
B.
N0.80
C.
N0.60
D.
N0.50
Correct Answer: Option D
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