Didi Ltd offered 10,000 ordinary shares of ..

Question 1 Report

Didi Ltd offered 10,000 ordinary shares of ₦1.50 each at a discount of 2% which were fully subscribed. With regard to the offer above?

shares are never offered at a discount; the offer is invalid

the value of shares in the capital account will be lowered by 2%

the company incurs a loss to the tune of 2% of the offer

each of the subscribers loses 2% of investment