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A company has 25,000 promoter shares and offers 2,00,000 Rs. 10 shares to the public. Issued capital is
ARs. 2,25,000
BRs. 20,00,000
CRs. 22,50,000
DRs. 25,00,000
Answer & Solution
Correct answer: C. Rs. 22,50,000
Issued capital includes promoters' shares and the public offer: 2,25,000 shares times Rs. 10 is Rs. 22,50,000.
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