A total of 400.000 shares of N1 each are to be issued by Suleiman company...

A total of 400.000 shares of N1 each are to be issued by Suleiman company ltd at a price of N1.20 per share. Application were received for 600 000 shares out of which 100 000 were dishonoured. if the available shares are distributed prorata,what refund will be due to a subscriber who applied for 5000 shares.?

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Answers (1)

Kingsley
4 months ago
5000/N1.20
4166.7
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