17. When the entire issue is underwritten by Mr. Premkumar, he is liable for
a. No. of shares applied by the public
b. No. of shares Underwritten
c. No of shares Underwritten less of share applied by the public
d. None of the above
Answers
Answered by
1
Answer:
Just see the method and put your values
Attachments:
Answered by
0
Answer:
If Mr. Premkumar has underwritten all shares, he is liable for number of shares underwritten less shares applied by public.
Explanation:
Underwriting is a guarantee/insurance by the underwriting person/company to compensate or buy unsold shares.
If the public buys all the shares, there is no liability. If some shares remain, Mr. Premkumar bears the cost.
Similar questions