a company has recently advertised an issue of one million ordinary shares of 50kobo and 65kobo per share.wen the issue is fully paid the company will collec...

a company has recently advertised an issue of one million ordinary shares of 50kobo and 65kobo per share.wen the issue is fully paid the company will collect?

Answer Details

When a company issues shares, it means they are selling ownership in the company to the public. In this case, the company is advertising an issue of one million ordinary shares of 50kobo and 65kobo per share. The difference in the share price is likely due to the fact that one price is for fully paid shares, while the other is for partially paid shares. If the issue is fully paid, it means that shareholders have paid the full amount of the share price. So, for one million ordinary shares at 65kobo per share, the company will collect N650,000.00 (65kobo x 1,000,000 shares). Therefore, the correct answer is N650,000.00.