Question

A company issues 20,000 debentures where only 15,000

debentures are underwritten by Mr. X. After completion of the application process, the company found that marked applications are only 10,000. What is the underwriter's minimum liability for subscribing to debentures?

A 20,000 debentures

B 15,000 debentures

C 5,000 debentures

D 10,000 debentures

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A company issues 20,000 debentures where only 15,000

Solution