Question

ABC ltd issues 10000 shares of rupees 10 each. these shares were underwritten as :P-50000 and Q-30000 shares. the public applied for 80000 shares which increase market application asP=12000 and Q=4000 shares. you are required to calculate the liability of underwriters​

Answer 1

Answer:

ABC ltd issues 10000 shares of rupees 10 each. these shares were underwritten as :P-50000 and Q-30000 shares. the public applied for 80000 shares which increase market application asP=12000 and Q=4000 shares. you are required to calculate the liability of underwriters

Step-by-step explanation:

ABC ltd issues 10000 shares of rupees 10 each. these shares were underwritten as :P-50000 and Q-30000 shares. the public applied for 80000 shares which increase market application asP=12000 and Q=4000 shares. you are required to calculate the liability of underwriters