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purco ltd underwrite 65% of an issue of 750000 ordinary shares at r15 each in karce ltd. the underwriting commission is 7.5% and the public

purco ltd underwrite 65% of an issue of 750000 ordinary shares at r15 each in karce ltd. the underwriting commission is 7.5% and the public takes up 680 000 shares. what amount will be liability of the underwriter?

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