If applicants for 80,000 shares were allotted 60,000 shares on pro rata basis , the shareholders who was allotted 1,200 shares must have applied for:
A. 900 shares
B. 3,600 shares
C. 1,600 shares
D. 4,800 shares
Answer:C
If applicants for 80,000 shares were allotted 60,000 shares on pro rata basis , the shareholders who was allotted 1,200 shares must have applied for:
A. 900 shares B. 3,600 shares C. 1,600 shares D. 4,800 shares