Didi Ltd offered 10,000 ordinary shares of N1.50 each at a discount of 2% which were fully subscribed. With regard to the offer above?
A.
shares are never offered at a discount; the offer is invalid
B.
the value of shares in the capital account will be lowered by 2%
C.
the company incurs a loss to the tune of 2% of the offer
D.
each of the subscribers loses 2% of investment
Correct Answer: Option C
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