AB Ltd. issued 10,000 shares of 10 each. These shares were underwritten as follows: X: 3,000 shares;
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AB Ltd. issued 10,000 shares of ₹10 each. These shares were underwritten as follows:
X: 3,000 shares; Y: 5,000 shares.
The public applied for 7,000 shares, which included marked applications, as follows:
X: 1,000 shares; Y: 2,000 shares.
Determine the liability of X and Y.
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Liability of the Underwriters Particulars Gross Liability Less Unmarked Application ...View the full answer
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