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Question 1: ABC issued a prospectus for the issue of 100,000 $5 shares on 1 January 2016. The prospectus speci?ed that: $2.50 was payable on

Question 1: ABC issued a prospectus for the issue of 100,000 $5 shares on 1 January 2016. The prospectus speci?ed that: $2.50 was payable on application Further $1.25 was payable on allotment The ?...

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