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A shareholder of Apolonia Ltd holds 20,000 shares representing 5% of the total number of shares issued. These shares were issued for $28 each but
A shareholder of Apolonia Ltd holds 20,000 shares representing 5% of the total number of shares issued. These shares were issued for $28 each but the shareholder has only paid $7 for each share. Apolonia Ltd has been wound up with outstanding debts of $50 million. State, to the nearest whole dollar, the amount of the shareholder's liability
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