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ABC issued a prospectus for the issue of 100,000 $5 shares on 1 January 2017. The prospectus specified that $2.50 was payable on application, a

ABC issued a prospectus for the issue of 100,000 $5 shares on 1 January 2017. The prospectus specified that $2.50 was payable on application, a further $2.50 was payable at call. On 31 January 2017 AB...

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