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Posted on Jun 07, 2024

A compary issues a prospectus to issue 1 0 0 0 0 0 shares to the public at R 2 each. The issue is underwritten

A compary issues a prospectus to issue

100000

shares to the public at R

2

each. The issue is underwritten by SMS Holdings who charge a commission of

10 % .

At the end of the offer

200000

shares had been applied for, What is SMS Holdings commission?

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