With The Following Information, How Many Shares Are To Be Subscribed By The Venture?
A, B enter into joint venture to underwrite shares of K ltd. It made an issue of 200,000 e.shares . 80% of the shares underwritten by the ventures. 160,000 shares subscribed by the public.(ans=32000how?)
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The venture will subscribe 160,000 shares to the public. Whereas the rest will be subscribed by the venture itself, i.e not for public sale.
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